Lahore: President Trump has raised the rate of taxes (tariffs) on Chinese exports by 10 percent, causing serious concern for local and foreign industrialists and businessmen in China because now their profits will be significantly reduced.
Therefore, they are shifting their factories and businesses to Vietnam, Cambodia, Thailand, etc., from where Chinese products are subject to lower taxes when sent to the US and Europe.
Remember that China is the largest exporter, last year it exported goods worth 3.58 trillion (3580 billion) dollars. Goods worth 460 billion dollars went to the US and 762 billion dollars to Europe.
If the Pakistani government provides incentives and incentives to Chinese and non-Chinese industrialists and businessmen, they can come to Pakistan and start factories and businesses. There is abundant and cheap labor in the dear country.
This process will accelerate industrial and business development in Pakistan and will make it possible to eliminate unemployment and poverty. The two countries have long-standing relations and once security issues are resolved, not only the Chinese but also non-Chinese in China will come to Pakistan in large numbers. They will be able to easily send their products to the rest of the world from Karachi and Gwadar.
