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Ambassador’s Meeting with the President of COFCO
Ambassador Moin ul Haque met today with Mr. Richeng Luan, President of COFCO in Beijing today. Founded in 1949, COFCO is the leading Chinese enterprise in the agriculture and food industry, playing a major role in China’s imports of grain and other agro dairy products as well.
During the meeting, the two sides held an extensive discussion on Pakistan-China trade and investment ties and also exchanged views on possible collaboration between COFCO and Pakistan.
Ambassador briefed President Luan about the growing trade ties between the two countries after the launch of phase-2 of FTA, which has given duty free access to large number of agro products. The Ambassador noted that Pakistan is a leading producer of grains and agro products like rice, wheat, sugarcane, cotton, potatoes, etc which can be exported to China to meet its market growing needs. He invited COFCO to consider investing in food processing business in Pakistan. A detailed briefing was also given on Pakistan’s investment policies for foreign enterprises in agriculture sector.
Mr. Luan expressed his keen interest in the Pakistani market. He assured that COFCO stood ready to explore the opportunities in Pakistan benefitting from the attractive investment regime and strong agriculture sector of Pakistan.
25 March 2022