Skip to main content

Islamabad seeks duty reduction on exports to China

Mubarak Zeb KhanUpdated January 24, 2018

Commerce Secretary Younus Dagha will meet a delegation from Beijing next month to push for Chinese market access in the second phase of FTA negotiations.

ISLAMABAD: Pakistan will demand unilateral concessions on approximately 70 products mostly of export interest to China as part of the second phase of the Free Trade Agreement (FTA).

This demand came from top government officials when the Chinese ambassador to Pakistan, Yao Jing, visited the commerce ministry to invite Commerce and Textile Minister Pervez Malik to a six-day international import-expo exhibition in Shanghai.

The exhibition is scheduled for Nov 5-10.

A source privy to the meeting told Dawn that the duty reduction on these products will be discussed in the eighth round of negotiations scheduled for Feb 7. Commerce Secretary Younus Dagha will lead Pakistan’s delegation to the meeting.

The source said Pakistan will especially seek market access for sugar, maize, vegetables and textiles under the second phase. It was also demanded that all those industries whose exports have increased over the years should be re-located to Pakistan.

According to the source, the Chinese envoy said such investments will be made in Special Economic Zones (SEZs). The Chinese envoy said almost 60 companies have shown their interest in investing in the Gwadar industrial zone, which is scheduled to be inaugurated on Jan 29.

But the Pakistani side demanded immediate relocation of some industries, especially those that manufacture mobile phone sets. Pakistan also offered concessions in tariff and taxes in the case of local mobile phone set manufacturing, the source added.

After the meeting, the Chinese envoy told journalists that the two countries will hold another round of FTA-related negotiations. “I understand concerns of Pakistani manufacturers over the outcome of the existing FTA,” the envoy admitted.

He said China would take into account all these concerns to have a more convenient and facilitating mechanism of bilateral trade. “China will not disturb growth of Pakistan’s industrial sector at any cost,” the envoy said.

He also announced that the visa mechanism for Pakistani businessmen, especially exporters, would be eased.

The envoy said Pakistan was invited as a guest of honour to the exhibition. He said Pakistan occupied a special position in China’s policy, adding that his country would do all that was required to promote its exports.

“China will love to buy Pakistani products whether these are edible, textile or any other items. China will like to buy whatever competitive products Pakistan introduces in the Chinese markets,” he said.

To increase bilateral trade, he invited Pakistani exporters to China to explore its commodity markets. China will send purchasing delegations to identify more items for bilateral trade, he added.

Mr Malik said a number of issues came under discussion during the meeting with the Chinese ambassador. He said all these issues would be raised in the upcoming meeting on the FTA.

Mr Malik said Pakistan will participate in the Chinese exhibition. “It is our own expo and we will have full representation in it,” the minister said.

Asked about the outcome of the last meeting, Commerce Secretary Dagha said the last round of the FTA held in Beijing was “very positive” as the issues highlighted by Pakistan were taken well by the Chinese side.

Mr Dagha said the FTA would help reduce the trade deficit and provide better access to Pakistani businessmen in Chinese markets.

Published in Dawn, January 24th, 2018


Popular posts from this blog

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

Balochistan to establish first medical university

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

Germany’s Siemens sets up Belt and Road office in Beijing
Germany’s Siemens sets up Belt and Road office in Beijingby Janne Suokas Mar 23, 2018 15:20 TRADEINVESTMENTBELT AND ROAD INITIATIVEGerman industrial and engineering group Siemens will set up a Belt and Road office in Beijing. surberFlickrCC BY 2.0
German industrial and engineering group Siemens will set up an office in Beijing to boost international cooperation under China’s Belt and Road initiative, the company said on Friday.The move will help strengthen Siemens’ cooperation with Chinese and international companies and expand business opportunities brought about by the Belt and Road initiative, according to the company’s statement.The Belt and Road initiative is China’s ambitious project to boost trade and infrastructure investment in more than 65 countries along the ancient Silk Road trade routes from Asia to Europe and Africa.Siemens said it had already partnered with hundreds of Chinese companies in overse…