Pakistan exports to southern China witness 16pc growth in 2023

Pakistan’s exports to the southern re­gion of China witnessed a 16% growth last year, partly due to the China-Pak­istan Free Trade Agreement (CPFTA) that lowered tariffs as well as events like FoodAg 2023 and TEXPO 2023 which further facilitated exports in the textile and agricultural sectors.

This was stated by Zhou Hanmin, a member of the National Committee of the Chinese People’s Political Consulta­tive Conference (CPPCC) and President of the Shanghai Public Diplomacy Asso­ciation. “I had visited Pakistan before the Belt and Road Initiative was proposed and deeply felt the sincere emotions of Pakistani people towards China. The CPEC not only improved the bilateral trade but also provides substantial eco­nomic uplift to Pakistani people. If given the opportunity, I still hope to visit this friendly country again.” Zhou stated.

During this year’s Two Sessions, the National People’s Congress (NPC) and CPPCC, Zhou Hanmin expressed opti­mism about the progress of BRI and the trade relations between China and the participating countries. In his pro­posal, he suggested implementing spe­cific measures aimed at expanding the export of agricultural products from Belt and Road Initiative (BRI) coun­tries, with a particular emphasis on the Least Developed Countries.

Read more: https://www.nation.com.pk/09-Mar-2024/pakistan-exports-to-southern-china-witness-16pc-growth-in-2023