CPEC 2nd Phase to Promote Sino-Pak tech Cooperation

With ongoing CPEC projects and Chinese multinational corporations driving development in energy, IT, construction, agriculture and other sectors, the registration of latest companies and property rights like trademarks, patents, and copyrights in Pakistan are increasing spontaneously.

CPEC 2nd Phase to Promote Sino-Pak tech Cooperation
CPEC 2nd Phase to Promote Sino-Pak tech Cooperation

ISLAMABAD: The 2nd phase of China-Pakistan Economic Corridor (CPEC) will put a high premium on technological cooperation between the 2 countries within the coming years, says a report published by Gwadar Pro App on Sunday.
According to the report, opportunities will grow for Pakistan in spurring the event of science and technology as China tops the international patent applications filed with the World property Organization (WIPO) in 2019.

The technology spillover suggests that among multiple ways to boosting the evolvement of science and technology during a country, Foreign Direct Investments (FDI) and multinational corporations have proven to be efficient channels in sending technologies from leading economies to less developed ones.

The report quoting official sources stated that in FY 2018 - 2019, China is the largest source of FDI in Pakistan, registering an amount of $546 million.

With ongoing CPEC projects and Chinese multinational corporations driving development in energy, IT, construction, agriculture and other sectors, the registration of latest companies and property rights like trademarks, patents, and copyrights in Pakistan are increasing spontaneously.
Multinationals play a serious role in vitalizing industries and expedite the development of productivity by introducing new technologies and training local talents. for instance, China Mobile Pakistan (CMPak), referred to as Zong) successfully conducted 5G trials in August 2019, narrowing the gap between Pakistan and other developed countries within the telecom sector.

Zong also signed a Memorandum of Understanding (MoU) with Huawei to determine a 5G innovation center in Pakistan, which can present golden opportunities for local professionals to accumulate the foremost advanced knowledge at this center.
Haier, the primary enterprise to determine household appliance factory in Pakistan back in 2001, has created jobs for several thousand professional, skilled and non-skilled local workers, and has given the country a high-quality manufacturing base for home appliances and consumer electronics.

Most importantly, Haier has provided Pakistan access to R&D and technology transfer. CPEC-based enterprises, which take a bulk of Chinese investment, make more contributions to the technological development of Pakistan.
Through joint ventures (JVs) under CPEC projects, Chinese companies bring advanced technologies and management philosophies in local production and supply an indication for local enterprises, the report added.
Take an example within the transportation sector. In February this year, China introduced the Operation and Maintenance Services for Metro Rail Transit System on the Orange Line.

According to the agreement, 8 years after the Chinese team led by NORINCO ensures stable operation of the metro train, the Pakistani team will take over the services with complete and systematic knowledge and skills their Chinese counterparts expire to them.
That illustrates how the present investments will benefit Pakistan within the end of the day . an equivalent goes for other projects like Karakoram Highway, the world’s top 10 precipitous roads, and Karachi - Peshawar Railway (known as ML-1) project, a grand overhaul of the prevailing rail system. The professionalism of local firms is going to be enhanced during the development process because they're going to learn to beat technological barriers and polish their skills with the guidance of Chinese experts.

Though Chinese companies and organizations are dedicated to technological improvement in Pakistan, it lies within the Pakistani government and enterprises to utilize the resources and strengthen the capacity of independent innovation, in other words, to boost the registration of property rights including trademarks, patents, and copyrights within the country.

According to the official, the importance of IPO Pakistan has increased after the CPEC project took off, opening new avenues of foreign investment within the country and a variety of foreign companies.

But to completely leverage the science and technology cooperation under the second phase of the CEPC project, more favorable policies and efforts are needed from the Pakistani side to encourage innovation reception and ensure IPR protection for foreign-based countries.
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