MoU Signed Between Dalian Commodity Exchange And Pakistan Mercantile Exchange

With the aim of seeking cooperation in broader fields, on March 2, Dalian Commodity Exchange (DCE) and Pakistan Mercantile Exchange (PMEX) signed Memorandum of Understanding (MoU) in Pakistan, with emphasis on collaborations including market development, business cooperation, experience sharing, etc.

Li Zhengqiang, Chairman of DCE, said at the signing ceremony, “DCE has always attached high importance to international cooperation with foreign exchanges. As the ‘One Belt and One Road’ initiative progresses over the years, the all-weather strategic partnership between China and Pakistan has continued to deepen, with new achievements continuously made. PMEX offers a diverse range of domestic and international commodities and financial futures. The signing of this MoU will facilitate both sides to explore more opportunities for business cooperation as well as create new channels for long-term cooperation. It will benefit the development of the financial markets of both countries, and add support to the national government’s ‘One Belt and One Road’ initiative and DCE’s internationalization strategy.”

Mr. Ejaz Ali Shah, Managing Director of PMEX, said, “PMEX is pleased to sign an MoU with DCE. Pakistan-China bilateral ties are time tested and are expected to further consolidate with the commencement of work on China Pakistan Economic Corridor (CEPC), a flagship program of One Belt One Road, which is a game changer for the region and beyond. PMEX strongly believes that the enhancement of transportation linkages and the development of other related infrastructure under the CPEC will pave the way for enhancing the trade between the two countries. Signing of this MoU lays the groundwork for future cooperation between both the Exchanges to facilitate trade between the neighboring counties.”