APD | CIIE gives confidence to Pakistan to increase exports

BY APD NEWSNov 08,2018 at 17:49

By APD writer Muhammad Sohail

ISLAMABAD, Nov. 8 (APD) -- Adviser to Prime Minister on Commerce, Industry and Investment Abdul Razak Dawood has said that the first China International Import Expo (CIIE) has given confidence and opened new avenues for Pakistan to increase its exports, local media reported Thursday.

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Talking to media, the adviser said Prime Minister Imran Khan’s recent visit to China and CIIE was very successful as China has agreed to increase its imports from Pakistan to 2.2 billion U.S. dollars by the end of June 2019 from the existing level of 1.2 billion US dollars.

“China will further increase its imports from Pakistan to 3.2 billion US dollars by the end of June 2020,” the official added.

According to the adviser, Pakistan request China for market access and increase tariff lines with similar conditions that it had offered to Bangladesh and member countries of Association of Southeast Asian Nations (Asean).

“Keeping in view the lengthy process of amending the priority list tariff lines between the two countries, Chinese Premier Li Keqiang had assured the Pakistani side to enhance its imports from Pakistan immediately,” he added.

Dawood said the government and private sector must identify potential areas, including textile, leather, agriculture, surgical goods, and light engineering, for enhancing exports to China.

Dawood underlined the need to develop and promote local industrial sectors on modern lines to produce competitive products.

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Minister for Planning, Development and Reform Khusro Bakhtiar

On the occasion, Minister for Planning, Development and Reform Khusro Bakhtiar said that during the recent visit of Prime Minister Imran Khan to China, the two sides signed agreements for cooperation in various sectors including agriculture and elimination of poverty from the country.

Bakhtiar said the scope of China-Pakistan Economic Corridor (CPEC) had also been enhanced and the cooperation be further developed in the shape of industrial cooperation.

Since the Prime Minister Imran Khan had taken charge of the Pakistan government, he had been focusing on to increase exports and take special measures for poverty alleviation. For the two purposes, the Pakistani government has sought cooperation from Chinese government, which received a warm and productive response.

(ASIA PACIFIC DAILY)

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