The PCJCCI sets up a complaints platform
LAHORE: The Joint Pakistani and Chinese Chamber of Commerce and Industry (PCJCCI) has established an online platform to help solve Chinese business issues and concerns related to local policies and regulatory bodies, said Thursday. a statement.
Addressing the PCJCCI Executive Committee, PCJCCI President Mr. Wang Zihai said the online platform would also be useful for local and Chinese investors.
He appreciated the chamber’s efforts to facilitate business partnerships between foreign investors and local entrepreneurs.
Wang said the growing number of joint ventures between Pakistan and China under the China Pakistan Economic Corridor (CPEC) also faces practical difficulties, which require a rapid resolution system.
He added that the government of Pakistan was aware of this problem which resulted in the establishment of alternative dispute resolution courts in Pakistan.
He hopes the collaborative efforts of the Pakistani government and the Pakistani-China Joint Chamber of Commerce and Industry will help stabilize Chinese investment in Pakistan.
Speaking at the event, PCJCCI Senior Vice President Ehsan Chaudhry also ensured to look after the interests of investors engaged in joint ventures under the CPEC.
He said that with the online platform, the Joint Pakistan-China Chamber of Commerce and Industry will continue to play a proactive role to overcome the difficulties encountered in the practical implementation of the joint ventures being carried out with a foreign collaboration.
The online platform of the Pakistani-China Joint Chamber of Commerce and Industry posted information on the commercial courts for agricultural and industrial cooperation between the two countries, with the aim of enhancing bilateral cooperation under of the CPEC in both sectors.
In recent years, a number of states and municipalities have established new commercial courts which are seen by some as the building blocks of economic development and world trade.
PCJCCI is interested in the development of such commercial courts in Pakistan, including those designed primarily for local and international litigation.