China's top law firm looks for joint ventures in Pakistan

By APD writer Muhammad Sohail

ISLAMABAD, Jan 26 (APD) -- China's largest law firm Dacheng Dentons has expressed its keen interest for establishing joint ventures with Pakistani local private sector in special economic zones (SEZs) being set up under the China-Pakistan Economic Corridor (CPEC) project.

A delegation of the law firm led by Senior Partner Yongqian Xu is on an official tour to Pakistan these days.

The delegation visited Islamabad Chamber of Commerce and Industry (ICCI) in the Pakistani capital of Islamabad and discussed their interest to establish joint ventures between the Chinese and Pakistani private sectors.

Yongqian Xu said his firm is one of the largest law firms in the world with 136 offices in over 55 countries and it is connecting entrepreneurs and investors of China with the counterparts in foreign countries to promote business partnerships.

He said the firm, having over 40 years of experience to connect investors in special economic zones, wants to play a role for promoting joint ventures and business partnerships between the Small and medium-sized enterprises and corporates of China and Pakistan in SEZs under CPEC in Pakistan.

The firm is already providing various legal services to its clients including resolution of business disputes and it wanted to play role in Pakistan to promote business collaborations between China and Pakistan.

Speaking at the occasion, President of the ICCI Sheikh Amir Waheed hoped that Dacheng Dentons would bring well-established companies of China with technology transfer to enter into sustainable JVs and partnerships with Pakistani counterparts.

Waheed said by investing in Pakistan, Chinese investors would be able to produce competitive products and promote exports from Pakistan to South Asia, Middle East, and other regional markets.

The Pakistani official said that the ICCI was planning to set up a CPEC facilitation center and Dacheng Dentons should join hands with the chamber to promote business collaborations between the SMEs of China and Pakistan through that platform.

(ASIA PACIFIC DAILY)