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Agri products trade beneficial for both Pakistan, India
LAHORE: Bilateral trade of agricultural products between India and Pakistan has major potential if the required facilitation is provided.
Pakistan can greatly benefit from the import of wheat, spices, tea and other edibles to meet production shortfalls at competitive prices.
This was stated by business expert and CEO Harvest Trading Ahmad Jawad while talking to APP here on Thursday.
Trade and investment go hand in hand in today's global investment scenario. India being the second largest and Pakistan the sixth largest populated country have immense trade and investment potential as the two countries share a long border.
He said that the working group on agriculture of India and Pakistan already identified certain areas for collaboration, including exchange of experts and training of scientists, in the areas of crop improvement through the use of biotechnology.
He further said," If we can make our land fertile to an extent that every cultivable tract of this country comes under production, the trading prospects could do wonders".
On the other hand, India can become a large market for Pakistani Kinnow (oranges).
According to an estimate, Pakistan can export 400,000 tonnes of Kinnow to India, annually. This export would fetch $1.2 billion in the next two years.
Furthermore, India is also the largest importer of Pakistani dates as last year India imported the commodity worth 3 billion rupees. "We may raise it by Rs1 billion extra easily", he said.
At the same time Pakistan can export with advantage the products such as cotton yarn, mango and vegetables to meet the Indian demand of and on, he concluded.
Agri products trade beneficial for both Pakistan, India
LAHORE: Bilateral trade of agricultural products between India and Pakistan has major potential if the required facilitation is provided.
Pakistan can greatly benefit from the import of wheat, spices, tea and other edibles to meet production shortfalls at competitive prices.
This was stated by business expert and CEO Harvest Trading Ahmad Jawad while talking to APP here on Thursday.
Trade and investment go hand in hand in today's global investment scenario. India being the second largest and Pakistan the sixth largest populated country have immense trade and investment potential as the two countries share a long border.
He said that the working group on agriculture of India and Pakistan already identified certain areas for collaboration, including exchange of experts and training of scientists, in the areas of crop improvement through the use of biotechnology.
He further said," If we can make our land fertile to an extent that every cultivable tract of this country comes under production, the trading prospects could do wonders".
On the other hand, India can become a large market for Pakistani Kinnow (oranges).
According to an estimate, Pakistan can export 400,000 tonnes of Kinnow to India, annually. This export would fetch $1.2 billion in the next two years.
Furthermore, India is also the largest importer of Pakistani dates as last year India imported the commodity worth 3 billion rupees. "We may raise it by Rs1 billion extra easily", he said.
At the same time Pakistan can export with advantage the products such as cotton yarn, mango and vegetables to meet the Indian demand of and on, he concluded.
Agri products trade beneficial for both Pakistan, India