China has agreed to grant the zero-rated facility on Pakistani exports of agricultural products.
Foreign Minister Shah Mehmood Qureshi told this while speaking at a joint news conference after returning from China. He added that Pakistan’s exports to China will increase by an additional $1 billion this year as China has started buying our sugar.
The foreign minister said that apart from sugar, both countries are working out the modalities on other agricultural products like wheat and cotton.
“After this facility, we expecting an additional $ 1 billion worth of exports to China this year,” said Qureshi. He added that Prime Minister Imran Khan will also visit China next month. Both countries will mull over all the issues of mutual interests including strengthening the economic and trade ties.
Qureshi said that China will organize the Belt and Road Forum on April 25, which will be attended by government heads of 36 countries, including Imran Khan.
He said that Pakistan will have an integral role in the conference because the China-Pakistan Economic Corridor (CPEC) is the flagship project of the Belt and Road Initiative (BRI).
He further shared the details of his first-time held Strategic Dialogue with Chinese counterpart Wang Yi during his recent visit to Beijing.