Pakistani exporters urged to take advantage of huge Chinese market
Gwadar Pro
Islamabad: Pakistan Furniture Council (PFC) this week urged the Pakistani exporters to take advantage of the huge Chinese market.
Chief Executive Officer of PFC Mian Kashif Ashfaq, while talking to a delegation of exporters led by Ishtiaq Ahmad Motianwali Sarkar here, maintained that the recent upward trend in exports to China was encouraging.
He advised the local exporters to further vigorously tap Chinese market potentials besides focusing on improving quality of their products at par with international standards on top priority.
He mentioned that China was the second largest export destination for Pakistan and the government had been making all out efforts to further boost exports to China by promoting industrialization in the country, providing special subsidies to the business community and working closely with the Chinese government and enterprises to know more about Chinese market requirements.
Ashfaq contended that trade between the two countries had made significant progress as both export and import volumes are on the rise. “This is a testament to China’s commitment to the Belt and Road Initiative (BRI) projects with China-Pakistan Economic Corridor in the limelight,” he added.
He noted that the trade and commerce volumes signify that China wanted to provide unconditional support to Pakistan and import more from it in order to uplift its economy.
He underlined that China will continue to support Pakistan for a long time to come as Islamabad valued unconditional support from Beijing. He observed that Pakistani exporters must encash this opportunity.
Ashfaq stated that among major items traded between the two countries, volumes of electronics, textiles, seafood, leather products and agricultural products have gone up on a year-on-year basis.
He said the traditional friendly relationship between Pakistan and China had become more pragmatic and productive with time.
Ashfaq heighted that the Free Trade Agreement (FTA) paved the way for the substantial and sustained growth of the bilateral trade as Pakistan was allowed to export 313 new products to the Chinese market on zero duty which he added was now further extended to 700 products.
He acknowledged that a number of Chinese companies had been cooperating with local enterprises to enhance their production capacity, quality and exports of Pakistani commodities by providing modern technology and equipment.
