Trade with China should benefit both countries, not one: Dawood

ISLAMABAD: Adviser to the prime minister on industries and production Razaq Dawood on Wednesday said that the rising tension between the US and China over trade tariffs was a good sign for Pakistan as “it would place us in a better negotiating position”.

“The prime minister is visiting China on Nov 4 and we will take advantage of this situation by pitching our position as a trade partner,” Mr Dawood said, briefing the Senate Standing Committee on Industries and Production.

He said the government wanted trade to be more bilateral with China instead of the current unilateral position. Mr Dawood stressed for rationalising import regime to reduce duties over raw material so that the finished products become cheap and competitive.

Responding to a query from the committee’s chairman Ahmed Khan that Pakistani firms were not competent enough to meet the modern day requirements, the adviser to PM said that the main issue regarding award of government contracts was corruption.

“There is corruption and mal-intent in every deal,” he said, adding that it did not mean the engineering base was weak.

The advisor also spoke about the potential benefits and risks concerning the China-Pakistan Economic Corrider (CPEC). “Our industry should prepare to compete with those [risks] in the industrial zones of CPEC, but we will also ensure that our industries are adequately protected,” he said.

Referring to a power plant established under CPEC, Mr Dawood pointed out that even the ladder and furniture in that power plant had been imported from China. “This is not right. We need to provide opportunities for the local industry too,” he added.

He also criticised the Free Trade Agreement (FTA) with China and said that as a result of concessions granted to China under the agreement, Pakistan was becoming a trading nation.

The committee was informed that imports from China amounted to around $15 billion whereas exports to China from Pakistan were $1.5bn.

“I have asked the Chinese ambassador to raise the imports from Pakistan to at least $2bn. We have highlighted 330 tariff lines out of total 7,500 tariff lines of the customs where we need relaxations,” he said.

Published in Dawn, October 4th , 2018



~ Shop by Category ~


Mens Fashion in Pakistan  Mens Latest Fashion in Pakistan  Mens Fashion Accessories Online Shopping in Pakistan  Mens Belts Online Shopping in Pakistan  Cufflinks Online Shopping in Pakistan  Mens Perfumes Online Shopping in Pakistan  Mens Sunglasses Online Shopping in Pakistan  Mens Wallets Online Shopping in Pakistan  Mens Watches Online Shopping in Pakistan  Mens Clothing Online Shopping in Pakistan Mens Wester Clothing Online Shopping in Pakistan  Export Stock Lot & Export Leftover in Pakistan  Mens Winter Collection 2019-2020  Mens Hoodies & Jackets Online Shopping in Pakistan  Mens Jeans Online Shopping in Pakistan  Mens Pants Online Shopping in Pakistan  Mens Shirts Online Shopping in Pakistan  Mens T-shirts Online Shopping in Pakistan  Mens Pakistani Clothing Online Shopping in Pakistan  Mens Nightwear & Undergarments Online Shopping in Pakistan  Mens Bathrobe Online Shopping in Pakistan  Mens Nightwear Online Shopping in Pakistan  Mens Pajamas Online Shopping in Pakistan  Mens Undergarments Online Shopping in Pakistan
Ladies Fashion Online Shopping in Pakistan  Ladies Latest Fashion Online Shopping in Pakistan  Womens Accessories Online Shopping in Pakistan  Ladies Handbags & Purses Online Shopping in PakistanLadies Perfumes Online Shopping in Pakistan  Ladies Sunglasses Online Shopping in Pakistan  Ladies Watches Online Shopping in Pakistan  Ladies Clothing Online Shopping in Pakistan  Pakistani Dresses Online Shopping in Pakistan  Pakistani Dresses Latest Designs & New Arrival  2018 Collection Pakistani Dresses in Pakistan  2019 Collection Pakistani Dresses Designs  Abaya & Hijab Online Shopping in Pakistan  Ladies Kurti Online Shopping in Pakistan  Original Dresses Online Shopping in Pakistan  Replica Dresses Online Shopping in Pakistan  Stitched Dresses Online Shopping in Pakistan  Unstitched Dresses Online Shopping in Pakistan  Bridal Dresses Online Shopping in Pakistan  Designer Dresses Online Shopping in Pakistan  Eid Collection Pakistani Dresses 2019-2020  Engagement Dresses Online Shopping in Pakistan  Mehandi Dresses Online Shopping in Pakistan  Nikah Dresses Online Shopping in Pakistan  Party Dresses Online Shopping in Pakistan  Walima Dresses Online Shopping in Pakistan  Wedding Dresses Online Shopping in Pakistan  Chiffon Dresses Online Shopping in Pakistan  Embroidered Dresses Online Shopping in Pakistan  Lawn Dresses Online Shopping in Pakistan  Linen Dresses Online Shopping in Pakistan  Net Dresses Online Shopping in Pakistan  Satin Dresses Online Shopping in Pakistan  Silk Dresses Online Shopping in Pakistan  Velvet Dresses Online Shopping in Pakistan  Indian Dresses Online Shopping in Pakistan  Ladies Summer Collection Pakistani Dresses 2019-2020  Ladies Winter Collection Online Shopping in Pakistan  Lingerie Online Shopping in Pakistan  Lingerie New Arrival 2019-2020 Collection  Ladies Bathrobe Online Shopping in Pakistan  Bikini Online Shopping in Pakistan  Bra Online Shopping in Pakistan  Bra Panty Sets Online Shopping in Pakistan  Panty & Thongs Online Shopping in Pakistan Bra by Color  Bra by Size  Bra by Types - Types of Bra  Body Shaper Online Shopping in Pakistan  Camisole Online Shopping in Pakistan  Sexy Lingerie Online Shopping in Pakistan  Nightwear Online Shopping in Pakistan  Nighty Online Shopping in Pakistan  Bridal Nighty Sets Online Shopping in Pakistan  Body Stocking & Leg Stocking Online Shopping in Pakistan  Tights Online Shopping in Pakistan  Ladies Undergarments Online Shopping in Pakistan