ISLAMABAD – Pakistan Business Council has proposed plan for exportsincrease of $3.8 billion with China.
PBC has asked that Prime Minister Imran Khan visit to China shouldrecommend preferential duties on Pakistani products, if approve couldharness nearly $3.8 billion additional exports per annum.
Pakistan Business Council in a letter written to Andul Razzak Dawood,advisor to the Prime Minister preferential tariff to increase exports toChina. The Government of China has granted favourable tariff regime forBangladesh and ASEAN.
Bangladesh is part of China’s LDC (Least Developed Countries) scheme whichallows it duty free access on 97 percent of the tariff lines.Pakistan Business Council said that the export potential is measured as thedifference between what China currently imports on these lines from Pakistnand its total imports from the world, subject to Pakistan’s currentcapacity to supply, as measures by its total exports of same line to theworld.
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Out of hundreds of products handled by Pakistan, China, ASEAN andBangladesh, Pakistan Business Council took 25 products which includesmilled rice polished and glazed, fish, trousers for men and women, yarn ofdifferent thickness, shirts, t-shirts, leather jackets, cotton yarn etc.
