BEIJING: A successful meeting focused on China-Pakistan bearing industry cooperation was held on Dec 11th at the Pakistan Embassy in Beijing, facilitated by the China Association of Private Science and Technology Enterprises. The talks covered product exports, technology cooperation, and localized services, leading to several cooperation agreements. This marks a significant step in advancing high-end manufacturing collaboration under CPEC.
The meeting was led by Xia Jing, Vice President of the High-tech Industry Sub-association, along with key representatives from China’s bearing sector, and co-hosted by Khan Muhammad, Science and Technology Counselor at the Pakistan Embassy in China. Vice President Xia noted that the visit aimed to align with CPEC’s objectives and match China’s high-quality technological products with Pakistan’s market needs.
Counselor Khan Muhammad highlighted the vast potential of Pakistan’s bearing market, with growing demand driven by rapid industrialization and infrastructure upgrades, particularly in the automotive and logistics sectors. He pointed out that Pakistani imports of high-quality bearings is increased by 5% year-on-year, with Chinese bearings now holding about 30% of the market share.
Khan also discussed the favorable policies for Chinese investments, including tax exemptions and tariff waivers for equipment imports under the China-Pakistan Free Trade Agreement. He assured that Pakistan’s Investment Commission would provide one-stop services to ensure smooth project execution.
Chinese company representatives presented their bearings, which meet international ISO standards and, in some high-end products, even German DIN standards in terms of wear resistance and service life. They also showcased bearings designed for Pakistan’s tropical climate, with enhanced high-temperature and corrosion-resistant features, tailored to local needs.
Both sides engaged in practical discussions on how to integrate “product export + technology cooperation” into Pakistan’s local industry. Pakistan expressed interest in facilitating connections between Chinese companies and local automotive manufacturers and service providers.
Chinese companies responded positively, offering customized production solutions based on Pakistan’s needs and suggesting the establishment of bearing testing and maintenance centers in Pakistan to provide localized, full-service support, including product output, technical services, and after-sales.
The talks concluded with an initial agreement on bearing product exports. Xia Jing summarized the discussions as a promising start to bilateral cooperation, with the association committed to providing ongoing support in policy advice and compliance. Khan Muhammad emphasized that Pakistan would continue to create a stable, transparent, and efficient investment environment, aiming to strengthen China-Pakistan cooperation in high-end manufacturing and contribute to the high-quality development of the China-Pakistan Economic Corridor. –Agencies
