CPEC's Second Phase starts with the Establishment of SEZs – Research Snipers

CPEC’s Second Phase starts with the Establishment of SEZs


Pakistan Ambassador to China, Naghmana Alamgir Hashmi said that the second phase of the China Pakistan Economic Corridor (CPEC), a flagship project of Belt and Road Initiative has been started with the development of the special economic zones in different parts of Pakistan.

In an interview, she said, “The second phase of CPEC has now started, which is actually the establishment of special economic zones in various parts of the country.”

As per Ambassador Hashmi with the development of the special economic zones, the signing of agreements between the agriculture sectors of China and Pakistan, and mutual cooperation agriculture is a sector that has the potential for investment and re-export. Moreover, she said that as the China-Pakistan Free Trade Agreement becomes functional the price would go down as the import duties will not be applicable.

Must read: Pakistan to Construct Mega Strategic Reserves Under the CPEC Project

She said, “So with the establishment of these special economic zones and with the increasing number of agreements and cooperation in the agricultural sector, which is a priority both with President Xi and with Prime Minister Imran Khan, I think this is one area where there is a huge potential of both investments, growth and then re-export of those value-added products to China.”

Also, she said that in order to let more Chinese consumers know about Pak Mangoes, in the Pakistan Embassy Beijing there will be a Mango festival that will be conducted.

She said, “This is Pakistan’s third Mango Festival held in Beijing. Mango is one of Pakistan’s leading export products. One day, we hope to see Pakistani mangoes sold in supermarkets and markets across China.

The first thing China can do to reduce the price of Pakistani agricultural products in China is through joint ventures, through the introduction of technology, and working with farmers and exporters to set reasonable prices in order to meet China’s requirements for imported fruits and vegetables.”

Also, Hashmi felt that with the establishment of CPEC projects many products would be transported via road without air transport.

Leave a Reply

Your email address will not be published. Required fields are marked *