PM Imran Khan can fetch $3.8 billion per annum with a single decision in China visit
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ISLAMABAD - Pakistan Business Council has proposed plan for exports increase of $3.8 billion with China.
PBC has asked that Prime Minister Imran Khan visit to China should recommend preferential duties on Pakistani products, if approve could harness 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 to China. The Government of China has granted favourable tariff regime for Bangladesh and ASEAN.
Bangladesh is part of China’s LDC (Least Developed Countries) scheme which allows it duty free access on 97 percent of the tariff lines. Pakistan Business Council said that the export potential is measured as the difference between what China currently imports on these lines from Pakistn and its total imports from the world, subject to Pakistan’s current capacity to supply, as measures by its total exports of same line to the world.
Out of hundreds of products handled by Pakistan, China, ASEAN and Bangladesh, Pakistan Business Council took 25 products which includes milled rice polished and glazed, fish, trousers for men and women, yarn of different thickness, shirts, t-shirts, leather jackets, cotton yarn etc.
