China to Increase Imports from Pakistan – Research Snipers

China to Increase Imports from Pakistan

increase imports

After the successful visit of Imran Khan—Prime Minister to China, the PM’s Adviser on Commerce, Trade and Industries—Abdul Razzak Dawood said that China has agreed to increase imports from Pakistan by one billion dollars on an immediate basis, while the imports would furthermore be increased by one billion dollars by next year.

Abdul Razzak Dawood while addressing a press conference along with Khusro Bakhtiyar—the Minister for Planning and Development said that China has accepted Pakistan’s request for permitting imports from Pakistan with the same conditions that it had given to Bangladesh and the member nations of Association of Southeast Asian Nations (ASEAN). He also said that China has accepted the request for keeping in mind the detailed process of changing the tariff lines between the two nations, the Chinese premier had given assurance to Pakistan for boosting its imports from Pakistan on an immediate basis.

It is relevant to mention that a decisive meeting of the Pakistani top officials with the Chinese counterparts is to happen in Beijing with the objective of improving the bilateral trade and economic relations.

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The advisor said that this is an amazing offer by China and that he would have marathon meetings with the Pakistani entrepreneurs for forming a plan so that utmost benefit could be taken from this offer. He also added that improving the exports to $2.2 billion would be a tedious task.

While conversing about another development, Razzak Dawood said that China has agreed for having industrial cooperation. Pakistan has asked China for a bilateral industrial cooperation as per which the Chinese companies would be establishing manufacturing units in Pakistan and would be importing the items from Pakistan, which would eventually be aiding Pakistan in increasing its overall exports. The same idea is being adopted in Malaysia, Bangladesh and other nations. The advisor said that the moto is to increase exports.

He also said that the agricultural and societal safety divisions would be focused upon with Chinese cooperation. He further informed that decision regarding new projects and future programs would be made in the upcoming Joint Coordination Committee of CPEC which is to be held in China next month.

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