ISLAMABAD: Pakistan would export $1 billion worth sugar and rice to Chinaduring the current fiscal year, said Advisor to Prime Minister on CommerceAbdul Razaq Dawood.
He said that all arrangements with China in this regard have beenfinalised, adding that the Pakistani businessmen would export 0.35 milliontonnes of rice and 0.25 million tonnes of sugar.
“We have asked the Chinese authorities to also import tomato, wheat andyarn from Pakistan. The Chinese side is working on this and hopefully, wewill soon receive good news in this regard,” he added.
Dawood said that this $1 billion export would be separate from the FreeTrade Agreement (FTA), adding that Pakistan would now be able to takeadvantage of the concessions from China, which it had given to Bangladesh,Vietnam and India and ASEAN countries.
“The government will not give any subsidy on the export of the saidproducts to China,” he mentioned.
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Last week, Pakistani and Chinese trade officials held negotiations onFTA-11 in Beijing where they discussed the important matter pertainingto reduction in tariffs for Pakistani products.
A commerce ministry official told this scribe that China has agreed to giveconcession on more than 300 tariff lines (earlier it was giving noconcession on 57 tariff lines).
