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Pakistan China Trade

Pakistan expects to enhance orange exports to China this year, a top government official said.
Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood pointed out that the mango season had already provided good revenue.

In 2020-21, Pakistan exported a record 460,000 tons of oranges, marking this as the highest-ever volume during any season.

The export season that ended in April 2021, around 460,000 tons of oranges had been exported from the country worldwide, up 30% compared to the previous season.
Pakistan, China ink agreement for export of onions

November 24, 2021

ISLAMABAD, Nov. 24 (Gwadar Pro) – China and Pakistan on Tuesday signed the Protocol of Inspection and Quarantine Requirements for the export of onions from Pakistan to China. With the agreement, Pakistani onion producers will gain access to the Chinese market.

Chinese Ambassador Nong Rong and Pakistan’s Federal Minister for Food, Security and Research Syed Fakhar Imam signed the agreement during a ceremony held in Islamabad.

“Today, we have officially signed the protocol in regard to onion and we are still ready to help the Pakistani exporters in the inspection and quarantine of chilies, potatoes, and other agricultural products so that they can access the Chinese markets,” said Ambassador Nong Rong.

He said that help and guidance could be delivered to the local farmers by the Ministry of Food Security and Research, adding, “the embassy here also gives assistance to help the onion export”.

Mr. Nong Rong said that China-Pakistan Economic Corridor (CPEC) has entered into a new phase of high quality development focusing on “industrial and agricultural cooperation”. “China and Pakistan are highly complementary in the agriculture sector, such as plantation, food process, cold chain storage and contract farming,” he said.

According to him, in recent years, China-Pakistan agriculture trade has been growing rapidly and despite Covid-19 pandemic in 2020, bilateral agriculture trade volume remained at a high level with an amount of USD 717 million .

“This year from January to September, China-Pakistan Agriculture trade achieved a record of USD 860 million, of which export from Pakistan to China was USD 613 million and it will increase year on year,” Mr. Rong added. “I believe more Pakistani high quality agriculture products will access Chinese markets in large volumes,” the ambassador said.

Syed Fakhar Imam said that China can buy globally; “hopefully our agriculture community and our people will be able to attain those standards to meet the requirements of Chinese people,” Mr. Imam added.

He said Pakistan has record exports of mangoes, oranges and it has organic cherries grown in Gilgit Baltistan and Balochistan, adding “these are somewhat specialized fruits, which have great potential to be exported to China”.

Ambassador Nong Rong has made the proposal to import onions from Pakistan in June 2021, which led to the signing of the memorandum of understanding (MoU) between the two countries. Both countries have agreed to accelerate efforts to implement the onion trade in a short period of time.
China shows interest in Pakistan's textile industry

China Chamber of Commerce for Import and Export of Textiles (CCCT) has stated that China is interested in strengthening investment cooperation with Pakistan in the textile and garment industry.

Talking to a national news in China, CCCT Vice President Zhang Xian said the potential of a combination of strengths and weaknesses provides opportunities to deepen cooperation between the two countries' textile industries.

''Pakistan and China are perfect partners and there's a lot that can be done," remarked the CCCT vice president.Pakistan is one of the world's leading cotton producers, ranking among the top five in terms of yield, with cotton textile products accounting for 40 percent of its exports.

"China is willing to strengthen investment cooperation with Pakistan in the textile and garment industry," Zhang said, adding that collaboration and competition coexist for the textile industry in both countries and Sino-Pak co-op in textile industry is ‘untapped’.

As a major garment producer, Pakistan's export of home textiles, clothing, and other processed products to the European Union, the United States, and other countries and regions has witnessed a rapid growth these years, which has also driven rapid growth in yarn and fabric imports from China, promoting the cooperation between China and Pakistan in the industrial chain.

However, the different stages of industrial development between the two countries also creates broad space for closer cooperation, noted Zhang Xian.

As per statistics released by General Administration of Customs of China, the country’s imports from Pakistan are mainly cotton yarn and Pakistan ranks third among China's import sources of cotton yarn.

According to Pakistani customs statistics, Pakistan's imports of textiles and apparel from China accounts for 62% of its total imports, which makes China its largest source of textile and garment imports.
Kashgar-Islamabad international cargo charter flight service has started operation in January 2022.

The first batch of goods has been successfully exported to Islamabad via Kashgar airport. More connectivity under the BRI and CPEC.



Chinese logistics company starts services in Pakistan​

January 22, 2022

In an interview, Sun Chao, head of Speedaf Pakistan has said that his company has started nationwide logistics services. He informed that the company provides China-Pakistan cross-border logistics services, warehouse and delivery services in Pakistan. In addition, Speedaf has established close cooperation with major e-commerce platforms in Pakistan, with a special focus on electronic communication equipment, intelligent security products, and 3C products (computer, communication, and consumer digital products).

BEIJING, Jan 21 (APP): The Chinese company which has rolled out nationwide logistics services across Pakistan was likely to cover about half of its population in February, Sun Chao, head of Speedaf Pakistan said on Friday.

“Moreover, we also provide China-Pakistan cross-border logistics services and warehouse and delivery services in Pakistan,” he said in an interview with China Economic Net (CEN).

As a leading logistics services provider plowing emerging markets, Speedaf initiated its business layout in Pakistan in September 2021.

Up to now, express delivery covering all the four provinces of Pakistan has become available.

“When a Pakistani buyer puts an order of a certain Chinese product online, which can be bought in Pakistani Rupees, what he needs to do next is only to wait for the parcel to be delivered to his doorstep. On the other hand, we collect cargo at Chinese ports, transport them with our own customs solutions, sort them out in Pakistan, and carry each parcel to the customer’s home”, Sun Chao explained.
To support logistic demand from cross-border trade and local online consumption, high-standard warehouses with a total area of over 7000 square meters have been set up in Islamabad, Karachi, Lahore, and Multan. This figure is still expected to rise.
“The warehouse management system allows receipt of cargo by container and delivery by piece, providing convenient options for e-commerce businesses and offline wholesale clients’, said Sun Chao.
Following the domestic delivery model in China, Speedaf Pakistan offers both economical and standard express delivery options in Pakistan. For parcels to be delivered within a city, customers can choose to receive on the very day or on the next day; for inter-city delivery within a province, packages can arrive on the next morning or later on the next day; for inter-province demand, there are overnight delivery and Third Day Delivery.

Speedaf has established close cooperation with major e-commerce platforms in Pakistan with a special focus on electronic communication equipment, intelligent security products, and 3C products (computer, communication, and consumer digital products). In addition, customized services are also available such as the return, examination, and replacement of goods, less-than-truck-load, and cash on delivery.

“Pakistan is a populous country with over 200 million people, 3.94 percent increase of GDP even amid the ravaging pandemic, booming e-commerce industry, favorable polices for investment, and sound road network linking major cities which provides convenience for logistic transport. Underpinning our business is the deep attachment between the two peoples and the two economies, Sun said.

“With an expected 200 service stations in over 50 cities in Pakistan, we will provide at least 2000 employment opportunities for local people. They will be trained to become professional talents.”

The e-commerce sector in Pakistan is progressing in leaps and bounds. The Special Assistant to the Prime Minister (SAPM) on e-commerce Aon Abbas Buppi has said that Pakistan is aiming to increase e-commerce trade volume up to $9 billion by June Building on the e-commerce boom, we will expand coverage and shorten the delivery time to bring further convenience to Pakistani people, said Sun Chao.

Aquatic exports to China hit $153 million​

China becomes Pakistan’s largest export destination for aquatic products

January 26, 2022

photo reuters

According to Chinese customs, China’s import of major aquatic products from Pakistan (HS Code 03) reached $153 million in 2021, up 9.8% year-on-year.

From fish to shrimp and lobsters, China is the largest destination for Pakistan’s aquatic exports.

“Fishery is a big and emerging industry of Pakistan,” said NARC Islamabad Director of Animal Sciences Institute Dr Saeed Murtaza Hasan Andravi.

It accounts for less than 1% of GDP, but provides vast employment opportunities for the under-developed in Pakistan. Moreover, it can be a profitable profession and a promising means to earn foreign exchange.

Pakistani people are expecting more from the abundant aquatic resources, especially amid the pandemic.

Data of the Pakistan Bureau of Statistics shows that Pakistan exported $200 million worth of fish products in the first half of fiscal year 2021-22, up 3.18% year-on-year.

“We can increase it to $1 billion,” said Pakistan Fisheries Export Association Chairman Muhammad Zafar Kundi.

Eyeing Chinese market

Suhail Firdous is the owner of Super Star Enterprise, a seafood processing plant with its main customers in the Middle East and Far East.

“China mainly consumes seven to eight kinds of fish like abalone, squid, octopus and others and 70% of our fish is sold to Tianjin, China.”

Firdous observed that Chinese market was highly friendly because customers focused on quality instead of the package. In contrast, access to European and American markets requires troublesome certifications.

“China is the pillar of our exports. It is an easily accessible market,” he explained.

Since hitting a 10-year peak in 2019, Pakistan’s exports of aquatic products have been on the decline, but its exports to China have been rising steadily.

Chinese customs data shows that Pakistan’s exports of major aquatic products (HS Code 03) to China grew 9.3% year-on-year in 2021, and 7.4% year-on-year in 2020, when the pandemic broke out.

Amid the pandemic, China has become Pakistan’s largest export destination for aquatic products, accounting for more than 30% of its total exports.

On the whole, the export of Pakistan’s aquatic products to China still has enormous potential to grow.
As the world’s largest importer of aquatic products, China imported $13.8 billion worth of aquatic products in 2021, up about 11% year-on-year, according to the Chinese customs data.

Out of this colossal figure, Pakistan only accounted for about 1%. In addition, the demand for aquatic products in China is still increasing rapidly.

China Agricultural Outlook report predicts that per capita consumption of aquatic products in China will reach 23 kg by 2026.

Whether Pakistan can further enhance export of its aquatic products to China depends on two aspects, ie production and price.

Pakistan is rich in aquatic products, of which marine fishery accounts for more than 70%, indicating that exports of aquatic products largely depend on catches.


Published in The Express Tribune, January 26th, 2022.

China emerges as biggest market for Pakistani agri products​

by The Frontier Post


ISLAMABAD: The Government of Pakistan sees a vast potential to enhance exports of agri-based products and food items to various countries, especially China, says a report published by WealthPK on Friday.

According to a work report prepared by the Ministry of Commerce, various regions have been identified, possessing a huge potential for enhancing exports of agriculture and food products.

The exports recorded $4.803 billion and $4.876 billion in 2019-20 and 2020-21 respectively, with cereals staying at the top during the last two fiscal years with a value of $2.212 billion in 2019-20 and $2.062 billion in 2020-21, the report said.

China remained the largest importer of food items from Pakistan in the last fiscal year with the import value of $701 million. Pakistan’s major food exports are rice, cereals, fruits and vegetables, fish and crustaceans, meat and edible meat offal and beverages.

Kausar Abbas Zaidi, Director General (Agro-Food) at the Ministry of Commerce, told WealthPK that his ministry was working on proposals to enhance food exports to China and other countries.

“The Ministry of Commerce has selected important products in this regard to work on,” he said, adding that the report highlighted product-wise trade opportunities.

Kausar Abbas Zaidi said the value of rice exports last year was $2.034 billion. “Rice is among the country’s top export products. The government has set $4 billion target of rice export for year 2025-26”, Zaidi continued.

He said the target was achievable, as the government was keen to explore new markets besides enhancing the quantity of exports to the current markets.

“Pakistan is currently engaged with China, Malaysia and the Philippines to obtain more market access for rice exports,” the DG said, adding that recently Russia had also allowed import of Pakistani rice. He said commodity exchange against rice was also allowed for Iran recently under a barter trade memorandum.

The government has come up with a planned mapping of crop area pesticide awareness in rice production regions of Pakistan as urgent measures, the DG said.

Declaring rice as an industry and dedicating quarantine area for rice exports are the medium term measures the government is working on, he added.

“Adopting sustainable farming and good agriculture practices with modern techniques are among long-term measures,” Zaidi informed.

The Director General said the global import of mango stood at $2.84 billion and Pakistan’s share in the world export was just 3.7% in terms of value and 6.7% in terms of volume.

Pakistan’s mango exports registered a growth of 52% from $93 million in 2020 (May-October) to $140 million in 2021 for the same period, he said.

Currently, the United Arab Emirates (UAE), the UK, Kazakhstan, Oman and Afghanistan are the top export destinations for Pakistani mangoes. China and Japan can be potential markets, Zaidi said.

“The profit margin of mango export to China and Japan is higher compared with the current export destinations. Pakistan can double mango export in terms of value by enhancing market share in China and Japan,” the director general added.

Zaidi said marketing, access to market, logistical support, improving supply chain network and government support could be key factors for enhancing mango exports.

Kinnow exports recorded $265 million during the last two fiscal years with Afghanistan,

China can also be a great export destination for Pakistani kinnows in near future,” Dr Zaidi said, adding that the government needed to take steps to remove hurdles in kinnow exports.

Potato exports (fresh/chilled) increased by 10% from $78 million in 2019-20 to $86 million in 2020-21. The largest potential market for Pakistani potatoes was China, the official said.

Pakistan set to become top sesame seed exporter to China​

February 11, 2022


BEIJING, Feb.10 (APP):Pakistan has exported sesame seeds amounting to $120.44 million to China in the year 2021 and hopefully, it is going to become a top exporter in the coming years, said Badar Uz Zaman, Pakistan’s Commercial Counselor in Beijing.

“Normally there is a trend of cultivating traditional crops like wheat and rice in Pakistan but now the Pakistani farmers are also getting knowledge of high-end and high-priced products like sesame seeds. Similarly, they are also learning modern cultivation methods to increase production. So, hopefully Pakistan is going to be the top exporter of sesame seeds to China in coming years,” he told APP.

The counselor said after the signing of the China-Pakistan Free Trade Agreement (CPFTA) Phase-II, the Pakistani exporters had got access to the Chinese market for export of sesame seeds.

“Our exporters are very active. A number of new exporters have been added to the General Administration of Customs of China list that increased the scale, but still we have a big potential and the Pakistani farmers also understand the varieties and the types of the sesame seed that is popular in China,” Badar mentioned.

Pakistan, he said, was collaborating in the agriculture sector with China. “There have been specialists from China who are also guiding the Pakistani farmers on how to grow this crop.

Similarly, many agriculture machinery suppliers are also providing high-end technical machines like sorting machines to the Pakistani processors of the sesame seeds and the packaging has also improved.”

Last year, he said, Pakistan’s sesame seeds exports to China achieved a historical figure of $120.44 million.

China imported 92516.55 tons in the year 2021 and Pakistan was one of the main destinations for sesame seeds imports. In the year 2020, Pakistan exported only 38,000 kilograms of sesame seeds to China, according to the official data from the General Administration of Customs of the People’s Republic of China (GACC).

According to an exporter, the launch of Free Trade Agreement (FTA) in the year 2020 brought an opportunity for both Pakistan and China to include sesame seeds to the list of 313 items and that helped reduce duty from previously 10% to zero.

In the past, Pakistan mainly exported sesame seeds to countries like Vietnam, South Korea, Japan, Europe, and the United States. After the waiving of duty, China was the biggest importer for Pakistan Sesame Seeds in the last two years.

The crop in the year of 2020-2021 was recorded the highest exports in numbers from Pakistan out of which 54% of the total exports were to China.

Pak-China ink MOU to promote cooperation in cross border e-commerce​

February 26, 2022


BEIJING, Feb.25 (APP): To promote Pak-China cooperation in cross-border e-commerce, a Memorandum of Understanding (MoU) is signed between Shenzhen Cross-border E-commerce Association, Shenzhen, China and Hunza Chamber of Small Traders and Small Industry, Hunza, Pakistan recently.

The MoU was signed by Muhammad Mustafa, Deputy Secretary General of Overseas Finance & Law of Shenzhen Cross-border E-commerce Association, and Imam Dade, President of Hunza Chamber of Small Traders and Small Industry, so as to form a comprehensive cooperative partnership between both sides, CEN reported on Friday.

According to Wang Xin, President of Shenzhen Cross-border E-commerce Association, this MoU is to bridge the gap for both sides and to promote the development of the local logistics industry.

It aims to provide a platform for information exchange and cooperation for enterprises in e-commerce, logistics, manufacturing and service trade of Pakistan and China.

As per the MoU, the two sides will strengthen cooperation in information exchange regarding customs, education, industry, law and other non-confidential policies. Also, more conferences, seminars, exhibitions, and other activities will be organized by both sides in days to come.

In terms of cooperation in research and consulting project on cross-border e-commerce, both sides will carry out research and cooperation in the fields of cross-border e-commerce, talent incubation, industrial parks, free trade zones, transportation, infrastructure and logistics.

Closed since 2019, Khunjerab to reopen for trade from 1st....​

Jamil Nagri..
March 27, 2022 ..

In this photograph taken on September 29, 2015, a car carrying Chinese nationals crosses the Pak-China Khunjerab Pass, the world’s highest paved border crossing at 4,600 metres above sea level.—AFP file photo

In this photograph taken on September 29, 2015, a car carrying Chinese nationals crosses the Pak-China Khunjerab Pass, the world’s highest paved border crossing at 4,600 metres above sea level.—AFP file photo

GILGIT: After remaining closed for more than two and a half years, a key land border crossing between Pakistan and China at Khunjerab is being reopened for trade activities from April 1.

Khunjerab Pass was closed in November 2019 to contain the transmission of the coronavirus between the two countries.

The pass was temporarily opened in July and September 2020 and again in November 2021, only to facilitate the transportation of the containers loaded with goods that had been stranded in China.

During the temporary opening of the border, stranded containers from China were unloaded at Khunjerab Top instead of the port at Sost.

A notice issued by the district administration of Kashgar of the Xinjiang Uygur Autonomous Region said that according to an agreement signed by China with the government of Pakistan on May 22, 2013, the Khunjerab Pass will be officially upgraded on April 1, 2022.

According to officials, Chinese authorities have shared a letter with Pakistan regarding the reopening of the pass from April 1.

It is also mentioned in the letter that measures would be in place to prevent the spread of Covid-19.

Federation of Pakistan Chambers of Commerce and Industries capital office in-charge Qurban Ali told Dawn the prolonged closure of Khunjerab Pass had caused immense financial hardships to the local business community.

GB traders have been demanding regular opening of trade through Khunjerab Pass with strict SOPs.

However, he said it is not yet clear whether trade is being opened on a regular basis or would just be limited to dropping containers at the Pakistan side.

Mr Ali said the region’s business community was dependent on trade with China, as there was no other industry there.

He demanded that Chinese authorities should relax visa conditions and allow border pass facility for Gilgit-Baltistan traders to travel to China.

Port authorities on the Chinese side have been instructed to take all necessary coronavirus preventive measures before the start of the arrival of goods from Pakistan.
Similarly, Pakistani border authorities have also been instructed to ensure the containment of the disease.

Under the protocol agreement signed between the two countries, trade and travel activities through Khunjerab pass continue from April to November.

Gilgit Baltistan is considered the gateway of CPEC, and locals say it is important to open regular trade through Khunjerab Pass to ensure the success of the One Belt One Road project.

Published in Dawn, March 27th, 2022
Pakistan’s exports to China crossed $ 67.072 million in the first two months of 2022, which recorded a nearly 23% increase year-on-year, shows the official data from the General Administration of Customs of China (GACC).

Despite the COVID-19 pandemic, bilateral trade has increased significantly. Pakistan’s exports stood at $67 million in the first two months of 2022, up 22.77 percent from $54 million in the same period of the previous year, according to China Economic Net (CEN)....

Pakistani olive oil farmers eyeing Chinese cooperation

BEIJING: China’s demand for Pakistani olive oil is high and as long as Pakistan has market demand or export demand, cooperation with China is absolutely imperative, said Zhou Ning, Marketing Director at Green Organic Food.
In addition to market, Pakistani farmers need Chinese agricultural technology and investment. Syed Yousaf Ali, a farmer with a 100-acre estate said that he is now using a Chinese machine that picks olives of different sizes. “Compared with other agricultural machines around the world, Chinese machines are inexpensive.”
Farhan Pasha, the scientific officer in charge of the olive program at the Barani Agricultural Research Institute, on the other hand talking to China Economic Net (CEN) hoped to cooperate with China in terms of cold-pressing technology, pest control and other agricultural technologies.
Against the backdrop of successful cultivation of cash crops such as chili peppers, a joint venture between China and Pakistan for olive cultivation and processing is also a viable solution. Dr Ramzan Ansari believes that it would be a win-win result for both countries if they receive assistance from China and start production here.
On a macro level, the cooperation between the two countries in the olive industry holds even greater potential. Dr. Ramzan Ansari suggested that some areas with high agricultural potential, including the Potohar region, could become exclusive agricultural zones under the China Pakistan Economic Corridoor (CPEC).
Pakistan’s nascent olive oil industry, although a late starter, has played a visible role in Pakistan’s food security and even economic recovery, as Inam ul Haq said, “If we can stop importing olive oil and make ourselves self-sufficient, then it will be an olive revolution for us. “
Pakistan’s annual vegetable oil consumption amounts to 5 million tons, while the share of some less-consumed vegetable oils such as mustard oil is about 400,000 tons. Thirty percent of the demand is satisfied by domestically produced oilseeds, while the remaining seventy percent is met by imports. Due to the increase in import prices, it is a severe test for Pakistan’s foreign trade deficit and foreign exchange reserves.
Pakistan, which has a large area of land suitable for growing olive trees, has been producing olive oil since 2010 with the help of countries such as Italy and Spain. Currently, it produces about 1,500 tons of olive oil and 830 tons of table olives per year, all of which are consumed domestically. Pakistan has set a target of producing 16,000 tons of olive oil by 2027.
Syed Yousaf Ali has been growing olives since 2006. In his opinion, the olive tree has low requirements of land.
Another farmer, Malik Shafiq, described the olive tree as a “tough plant”. It was an uneven wasteland when he started planting it a decade ago. “It is not affected by the worst weather conditions. It can grow in the wasteland, and the cost is half that of other crops.”
Farhan Pasha said that the main areas in Pakistan fit for olive cultivation are Balochistan, Khyber Pakhtunkhwa (KPK) and Punjab, in addition to Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan (GB). Pakistan has 10 million acres of land suitable for olive cultivation, which is almost twice as much as Spain, the world’s largest olive oil producer. As olive trees are able to survive in dry, arid conditions not fit for other crops normally, they don’t compete with other fruit trees, grain crops or oil crops in these areas.
To encourage olive cultivation, the Pakistani government has planned to issue olive oil marketing and branding certification to the private sector. The goal of it is to plant over 50,000 acres in the country by 2022. Now, Pakistan is the only South Asian country to be included in the International Olive Council.
Inam ul Haq, who works as a horticulturist at the Barani Agricultural Research Institute in Chakwal, said that the local government has spared no efforts to subsidize olive cultivation. “Since 2015, the Punjab government has been providing subsidies to local gardeners to turn the Potohar region into ‘Olive Valley’, that is, providing olive saplings free of charge for plantation.”
In the past five years, nearly 1.4 million olive trees have been planted in Potohar region, covering almost 9,000 acres of land. The project has made use of less fertile and undeveloped land. In addition, the government has offered up to 70% subsidy on the installation of solar power systems and nearly 60% subsidy on drip irrigation systems, with an estimated 800 families getting benefits and turning their less fertile land into olive groves. The government has also provided 50% subsidy to agricultural machines that may be needed during harvest seasons, such as shakers.
The advantages of growing olive trees are obvious. On the one hand, they can meet local demand for edible oil while reduce trade deficit, on the other hand, they mitigate climate change and effectively address the challenge of water security. It is no wonder that provincial governments have introduced subsidies to encourage olive cultivation.
Due to its favourable climate and geographical location, the quality of olive fruit produced in Pakistan is among the best around the world despite its late start. According to Inam-ul Haq, the quality of olive oil produced locally in Pakistan is almost the same as that of well-established olive producing countries. Farhan Pasha said that Pakistani olive oil from Quetta won the highest grade at a recent competition held in Italy.
At present, there are several traditional methods used in the harvesting of olive fruits, including knocking, hand harvesting and chemical ripening harvesting. In Pakistan, hand harvesting is mainly adopted. We’ve seen other countries have adopted mechanical harvesting, but we haven’t,” said Malik Shafiq.
Dr Ramzan Ansari, who is in charge of olive research at the Barani Agricultural Research Institute, sees agricultural machines are what Pakistan lacks.
“Marketing is a completely different sector. A farmer can’t do everything by himself. What he can do is either marketing the product or adding value by processing the fruit. If business investors enter this sector and do value-added production and then marketing, it can make positive contribution to this sector and the society,” Syed Yousaf Ali said.
Pakistan’s exports to China crossed $1.039 billion in the first quarter of 2022, recording a nearly 17% increase from January to March this year, as per the General Administration of Customs of China (GACC).

According to data from GACC, in the first three months of this year, China’s exports to Pakistan also increased 28.69% amounting to $6.058 billion as compared with the previous year, when exports were valued at $4.70 billion.

Pakistani Embassy in Beijing’s Commercial Counsellor Badaruz Zaman said after the implementation of the second phase of China-Pakistan Free Trade Agreement (FTA) in 2020 – which allowed Pakistani manufacturers and traders to export around 313 new products to the Chinese market with zero duties – and with the deepening of economic and trade cooperation between the two countries, bilateral trade is increasing every year.

“Now Pakistani traders can export overall more than 1,000 items to China at zero tariffs, which helped enhance Pakistan’s exports to China,” he stated.

He further said that the second phase of China-Pakistan Economic Corridor (CPEC) with special focus on agriculture, science and technology, and socioeconomic development also assisted the expansion of cooperation.

Besides, the enhanced agricultural cooperation over the last two to three years between the two countries, especially in hybrid seeds, latest technologies, pesticides, and urea, “helped increase the production of crops and this surplus yield helped increase exports to China”.

Among major products traded between the two countries, the trade in textiles, seafood, and agricultural products have increased year on year, which has promoted Pakistan’s economic recovery and increased its exports to China.

Chinese firm signs $50mn agreement for seafood export from Gwadar​

Web Desk
24 May, 2022

Chinese firm signs $50mn agreement for seafood export from Gwadar

ISLAMABAD – Islamabad and Beijing have joined hands to grow agriculture, power, and logistics sectors in Gwadar and the country’s largest city Karachi.

A Chinese firm has inked a memorandum of understanding (MoU) to make an initial investment of $50 million in the industrial zone of Gwadar for setting up an end-to-end supply chain facility for the export of seafood to China.

A report of the Pakistani state-run news agency said Optima Integration Group of China and Asia Pak Investments of Pakistan have signed an agreement to invest $50 million in the first phase.

The MoU, facilitated by the Board of Investment, would reportedly create more than 100 jobs in the southwestern region and Karachi, besides the establishment of a high-tech processing facility along with technology transfer.

The General Administration of Customs of the People’s Republic of China has approved 79 species of fish for import from South Asian country. Officials also planned to expand the project from fish to beef and goat in the second phase, starting off with exporting beef with cold chain transport.
The report suggests that the project will power both firms to export in large volumes and empower them to command a premium price.

Sam Siu, Chairman of Optima Integration Group of China, and Eusha Saleem Bajwa, Chief Executive Officer of Sino Pak Optima Technologies, signed the MoU on behalf of their respective sides.

Federal Minister and Chairman of Board of Investment, Chaudhry Salik Hussain chaired the signing ceremony together with BOI Secretary BOI, Fareena Mazhar.

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