The opening ceremony of the 2020 Zhejiang Export Online Fair of Chemical Pharmaceutical Ingredient (CPhI) for Pakistan was held here on Wednesday.

Over 50 CPhI enterprises from the province attended the fair, according to Han Jie, the Deputy Director of the Department of Commerce of Zhejiang province.

Han said, the fair aims to build a bridge to cement CPhI trade between Pakistan and China's Zhejiang province, as the latter is a main exporter of medicine material.

Hussain Haider, Pakistani Consul General in Shanghai, said that China is Pakistan's largest trading partner. Pakistan’s pharmaceutical market and sector offer huge potential for both trade and investment. This fair is just an opportunity to turn that possibility into a reality.

Haider also noted that Pakistan is building nine Special Economic Zones across the country, under the framework of the China-Pakistan Economic Corridor (CPEC).

Chinese enterprises are welcomed to invest in Pakistan and get benefits from the government’s incentives policies. Pakistan and China will further strengthen cooperation and economic and trade relations, Haider said.

He also expected the Pakistan-China trade ties to reach a new level.