SHANGHAI, Sept 11 (China Economic Net) - At the just concluded All China Leather Exhibition in Shanghai, a memorandum of cooperation was signed between China Leather Industry Association (CLIA) and Pakistan Tanners Association (PTA), representing a new milestone in high-level Sino-Pak leather industrial collaboration.

Li Yuzhong, President of China Leather Industry Association signs an MOU with Muhammad Mehr Ali, Chairman of Pakistan Tanners Association in Shanghai in September. [Photo provided by CLIA]

This is the first time China Leather Industry Association signed an MOU with Pakistani counterparts. Under the MOU, the two sides will strengthen links, send trade delegations to each other, enhance cooperation between enterprises, and participate in expos of leather industry, etc.

Leather industry plays a crucial role in Pakistan’s economy as it is one of the topmost foreign exchange earners for the country. It’s widely recognized that China and Pakistan are complementary in leather industry. Through cooperation with China such as establishing joint ventures, modern Chinese technologies can be used to improve Pakistan’s leather processing and product quality while Pakistan offers unique advantages of abundant raw materials, low labor costs, etc.

Recently, the interactions between China and Pakistan in leather industry have been increasingly close. In August, China-Pakistan Footwear B2B Meeting and China-Pakistan Footwear Industry Expo were held in Lahore. During the same period, organized by China Leather Industry Association, a Chinese delegation composed of representatives from the Association of Guangdong Shoes Manufacturers, Guangdong Footwear Materials Industry Association, etc. visited Pakistan to explore future cooperative possibilities.