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IGATEX PAKISTAN 2022 to be

held in September 2022

IGATEX PAKISTAN 2022 organized by FAKT Exhibi- meaningfully when the entire textile industry comes
tions (Pvt.) Ltd. marks 20 years of innovative solutions together.
for the textile industry and has proved to be a platform
providing opportunities, innovation, commitment, IGATEX PAKISTAN is a significant textile event with its
trust, and reliability over the years. Being Region’s scale setting records year by year. DENIM WORLD
Biggest and Leading Textile Machinery Exhibition and PAKISTAN and DIGITAL TEXTILE PRINTING are
Conference, the textile industry is ecstatic and being introduced in this event, along with the concur-
enthusiastic about participating in this grand event. rent event ICADEX PAKISTAN - International Chemi-
The new dates, September 01-04, will ensure the cal & Dyes Exhibition and Conference which will
optimal revival of trade and provide additional time for further strengthen the industry with state-of-the-art
exhibitors to plan their exhibits and product launches technology and practices. Due to COVID-19
more effectively in the current environment. Pandemic, such a big exhibition will occur after a gap
of almost three years, and FAKT have already started
The decision was taken based on feedback from receiving an overwhelming response. FAKT Existing
exhibitors, partners, and stakeholders. It also aims to exhibiting companies have rebooked their spaces,
ensure that the tradeshow serves its business, and new companies are booking too at regular
knowledge, and tech exchange objectives more intervals.

China-Africa trade reaching the

highest level in history

China-Africa trade rose by 38.2% year on year (YoY) to $185.2 billion between January and September this
year, reaching the highest level in history for the same period, according to Chinese vice commerce minister
Qian Keming, who recently said China's direct investment in Africa hit $2.59 billion in the period, up by 9.9%
YoY. Challenges, such as Africa's over-dependence on natural resources and vast lack of essential infrastruc-
ture, must still be addressed. However, the African Continental Free Trade Area is gearing up to boost all of
the continent's major trading partners.

The growth rate is 3% points higher than China's overall outbound investment. The growth rate outperformed
the pre-pandemic level in the same period of 2019. Chinese enterprises signed $53.5 billion in new contracts
in Africa in the period, up by 22.2% YoY, with a turnover of $26.9 billion, up by 11.6% YoY. Against the back-
drop of COVID-19, the 55 FOCAC members will gather again, which shows the strong willingness of China
and Africa to deepen cooperation. Since 2000, China has imported 1.2 trillion U.S. dollars of goods from
Africa and exported $1.27 trillion to Africa. China has maintained its position as Africa's largest trade partner
for 12 years straight. The bilateral trade was worth $187 billion in 2020.

October/November 2021