Mutually Beneficial CPEC

Trade is mutually beneficial to Pakistan and China. For Pakistan, it is a learning process to develop fast and competitive values to capture global markets and to become global traders. Pakistani businessmen are far behind of China, Korea, and Japan, just to speak of these three Asian dynamic traders. Pakistan accumulates trade-deficits with all these three countries. Before China, Japan used to be the largest trading partner of Pakistan but trade balance remained in favour of Japan since the 1960s. Still, it cannot be said that this was one-sided trade and that Japan denied opportunities and incentives to Pakistani exporters.

Pakistan traders did not capture the Japanese market because of their own fault – a lack of innovation. Now, China presents a large consumer market and it is up to Pakistani traders, exporters, and businessmen to capture the Chinese market along with other competitors. Access into the Chinese market would be as difficult as that of Japan and South Korea for Pakistani traders if they do not learn global competitiveness and develop innovation technologies.

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