Islamabad: China Pakistan Trade Online (CPTO) platform was established to boost bilateral online trade to create new opportunities for entrepreneurs of both countries, according to news published on Sunday (November 14).
As per the details, China Pakistan Trade Online was launched in March this year; unfortunately, merchants have not listed many products on the website because of the enormity of the number of products. Science and Technology Innovation Committee of the Sichuan Chamber of Commerce in Pakistan Director Cheng Kai disclosed that the Chamber of Commerce was helping the member companies upload product information and information about the company on the website. Currently, CPTO is focusing on F2B and B2B and it will update to F2C and B2C in the next phase.
It is pertinent to mention that the Chamber of Commerce noticed problems in the bilateral trade. The director stated that there was a lack of trust between Pakistani and Chinese enterprises. He went on to say that sometimes the products received are not the same as what was shown originally. According to President of Pakistan Sichuan Chamber of Commerce Li Hongwu, both countries have limited information about the products.
To resolve these problems, a platform was introduced to share information – similar to Taobao. It was also a payment platform – like Alipay – where money will be transferred to the seller after the customers have confirmed the products. With this platform, the Chamber of Commerce hopes to promote economic exchanges between the countries.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
