AIRLINK 74.29 Increased By ▲ 0.29 (0.39%)
BOP 4.95 Decreased By ▼ -0.07 (-1.39%)
CNERGY 4.37 Decreased By ▼ -0.05 (-1.13%)
DFML 38.80 Decreased By ▼ -0.40 (-1.02%)
DGKC 84.82 Decreased By ▼ -1.27 (-1.48%)
FCCL 21.21 Decreased By ▼ -0.44 (-2.03%)
FFBL 34.12 Increased By ▲ 0.11 (0.32%)
FFL 9.70 Decreased By ▼ -0.22 (-2.22%)
GGL 10.42 Decreased By ▼ -0.14 (-1.33%)
HBL 113.00 Decreased By ▼ -0.89 (-0.78%)
HUBC 136.20 Increased By ▲ 0.36 (0.27%)
HUMNL 11.90 No Change ▼ 0.00 (0%)
KEL 4.71 Decreased By ▼ -0.13 (-2.69%)
KOSM 4.44 Decreased By ▼ -0.09 (-1.99%)
MLCF 37.65 Decreased By ▼ -0.62 (-1.62%)
OGDC 136.20 Increased By ▲ 1.35 (1%)
PAEL 25.10 Decreased By ▼ -1.25 (-4.74%)
PIAA 19.24 Decreased By ▼ -1.56 (-7.5%)
PIBTL 6.71 Increased By ▲ 0.03 (0.45%)
PPL 122.10 Decreased By ▼ -0.90 (-0.73%)
PRL 26.65 Decreased By ▼ -0.04 (-0.15%)
PTC 13.93 Decreased By ▼ -0.40 (-2.79%)
SEARL 57.22 Decreased By ▼ -1.90 (-3.21%)
SNGP 67.60 Decreased By ▼ -1.90 (-2.73%)
SSGC 10.25 Decreased By ▼ -0.08 (-0.77%)
TELE 8.40 Decreased By ▼ -0.10 (-1.18%)
TPLP 11.13 Decreased By ▼ -0.10 (-0.89%)
TRG 62.81 Decreased By ▼ -2.04 (-3.15%)
UNITY 26.50 Increased By ▲ 0.25 (0.95%)
WTL 1.35 Increased By ▲ 0.01 (0.75%)
BR100 7,810 Decreased By -40.3 (-0.51%)
BR30 25,150 Decreased By -186.4 (-0.74%)
KSE100 74,957 Decreased By -250.1 (-0.33%)
KSE30 24,083 Decreased By -59.5 (-0.25%)
Pakistan

Chinese expert believes ‘Green Corridor’ to boost Pakistan’s agriculture

 Rising demand in China will boost agricultural sector in Pakistan, says Chinese expert. Pakistani and Chinese
Published December 16, 2019
  •  Rising demand in China will boost agricultural sector in Pakistan, says Chinese expert.
  • Pakistani and Chinese customs administrations have principally agreed to implement ‘Green Corridor' project.

The implementation of the newly agreed ‘Green Corridor’ project between China and Pakistan would greatly benefit the agricultural sector of Pakistan, as more agricultural products from Pakistan can be expected in the Chinese market.

This was stated by Zhou Rong, a senior research fellow at the Chongyang Institute for Financial Studies at Renmin University of China. Zhou said that as China becomes the biggest importer of agricultural products in the world, the rising demand will boost the agricultural sector in Pakistan.

"Key imports of agricultural products from Pakistan include rice and cotton," Zhou said, quoted the Global Times, a Chinese daily. "Agricultural imports from Pakistan still account for a very limited amount of China's total imports, but as the market grows and as production and quality inspection standards are standardized, more products from Pakistan can be expected in the Chinese market."

However, in order to take full advantage of the project Zhou said that transportation needs to be further improved apart from the simplification of custom procedures.  "Due to geographical conditions and extreme regional weather, many products involved in bilateral trade are still airborne, adding to the cost of transportation," Zhou said.

Pakistani and Chinese customs administrations on Thursday principally agreed to implement the ‘Green Corridor' – a fast track customs clearance system exclusively for speedy clearances of the perishable agricultural products, under the proposed Green Corridor at Sust-Khunjerab border.

The salient features of the Green Corridor which distinguish this expeditious customs clearance system include; firstly, the fresh fruit and other agricultural produce imports and exports will be cleared on priority on fulfilling of due customs and import policy requirements. Secondly, there will be dedicated customs staff and separate shed/area for the handling, examination, storage and clearance of such cargo. Thirdly, there will be minimum intrusive examination, with more reliance on risk-based selective examination and automated processing.

Comments

Comments are closed.