On July 3, IBI and the Ministry of Information Technology and Telecommunications of Pakistan officially signed the Strategic Cooperation Agreement in China National Convention Center in Beijing during Global Digital Economy Conference 2024.

As the China-Pakistan Economic Corridor plays an increasingly important role, and the Chinese and Pakistani governments have reached consensus on cooperation, IBI has now regarded Pakistan as a strategic stronghold to bring its cross-border e-commerce industrial belts to the global stage. It is an important stride taken by IBI to actively respond to China’s “Belt and Road” Initiative and promote regional economic cooperation and development. IBI will join hands with the Pakistani government to tailor global “one-stop” full-chain services for various industrial chains in Pakistan backed by its superior advantages in digital economy, industrial Internet, cross-border presence of industrial belts and other aspects, thus spurring the collaborative and innovative development of industrial and supply chains.

The execution of the Strategic Cooperation Agreement signifies that the relationship between the two parties has entered a new stage. IBI will partner with local core enterprises to supports its businesses in Pakistan by giving full play to its mature resources in digital economy and robust digital technology advantages, and work together with the Pakistani government to advance cooperation in cross-border integrated service platform, supply chain collaboration platform, cross-border barter platform, cloud factory program, enterprise promotion and talent exchange, thus promoting the global presence of more enterprises based in both China and Pakistan.

Guests attending the relevant exchange activities and signing ceremony included H.E. Shaza Fatima Khwaja, Minister of Information Technology and Telecommunications of Pakistan, H.E. Ghulam Qadir, Commercial Counsellor at Pakistani Embassy, H.E. Erfa Iqbal from the Prime Minister’s Office of Pakistan, H.E. Liu Junzhai, Director and Senior Vice President of IBI, and H.E. Danyal, Vice President and General Manager of Cross-border E-commerce of Beijing Toodudu E-commerce Co., Ltd.