Pakistan expects $400m import orders during China PM’s visit
ISLAMABAD: Chinese state procurement agency will place import orders worth $400 million in the visit of Chinese Prime Minister to Pakistan during the third week of December, officials said. The Chinese shopping list includes surgical instruments and leather goods, a senior official in the commerce ministry said here Saturday.
Sources said the Chinese premier would be accompanied by a high-level delegation comprising buyer groups for purchasing Pakistani products. The trade volume between China and Pakistan is around $7 billion. Besides this export
offer to cash starved Pakistan, the Chinese premier is also likely to announce trade concessions on certain items.
It is a welcome move by a tested friend of Pakistan after the European Union trade package for Pakistan hit snags owing to opposition from India in World Trade Organisation (WTO), another senior official of the commerce ministry said.
It is worth mentioning here that Pakistan has so far been denied any market access or any unilateral tariff concessions in the United States markets despite being a frontline ally in the war against terrorism.
Input from Agencies
Popularity: 1% [?]
Loading ...
