Exports to China just a drop in ocean

Envoy says FTA has cleared path for deepening bilateral cooperation


September 07, 2022
Pakistan’s exports to the European Union touched $7.5 billion in 2021. photo: file

BEIJING:

China-Pakistan Free Trade Agreement (FTA) has paved the way for enhancing bilateral cooperation and Pakistan aims to promote local products through e-commerce platforms, remarked Pakistan’s Commercial Counsellor to China Ghulam Qadir.

Speaking at the “Summit Forum on China’s International Economic Cooperation Going Global”, held at the National Convention Centre, he informed the participants that Pakistani products were available on famous Chinese online platforms and Pakistan had a national pavilion on Jingdong (JD.com), one of China’ largest e-commerce platforms.

“Pakistan’s current exports to China are just a drop in the ocean. China-Pakistan FTA gave access to over 91% of Pakistani export market at zero rates,” he pointed out.

Besides, “efforts are underway to further improve our exports to China via sector-specific strategies, promotional activities, integration with Chinese e-commerce giants and promotion of efficiency-seeking investment from China into Pakistan.”

Qadir encouraged Chinese investors to invest in Pakistan and take advantage of friendly policies, that allow up to 100% foreign ownership.
THE ARTICLE ORIGINALLY APPEARED ON THE CHINA ECONOMIC NET

Published in The Express Tribune, September 7th, 2022.

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