PeacefulIndian
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In all this 'cheerful' pieces of news, has anyone really looked at the trade imbalance with Chinese?
Trade disparity to be taken up with Chinese premier | Business | DAWN.COM
Taller than mountain people are not interested in buying what Pakistan has to sell. This means potentially zero chance of increasing the array of exports to China.
On target - FTA with China means loss in import duties revenue for Pakistan. Not so much for them - they don't import so much from Pakistan.
Reality check - take a clue.
So - the imports are way more than they are reported. Means more revenue loss in terms of lost duty.
The only thing these 'trade deals' are doing is killing the local market & local businessmen. But no one cares looks like.
Trade disparity to be taken up with Chinese premier | Business | DAWN.COM
The Chinese do not eat basmati rice, Pakistan’s main farm export, nor are they interested in importing textiles and garments which were produced in much better quality in their country, an official said.
Even surgical instruments, sports and leather goods could not penetrate the Chinese market because of local production, making the free trade agreement irrelevant from Pakistan’s point of view.
Taller than mountain people are not interested in buying what Pakistan has to sell. This means potentially zero chance of increasing the array of exports to China.
Some elements in the Federal Board of Revenue go so far as to question the logic of having free trade with China which has not increased exports and cost the country a large amount of revenue as a result of massive cuts in duties on Chinese goods.
On target - FTA with China means loss in import duties revenue for Pakistan. Not so much for them - they don't import so much from Pakistan.
They said Pakistan’s main competitor in the international market, India, was constantly opposing free trade deal offers from China fearing that Beijing might only want to dump cheap manufactured goods on its booming economy.
Reality check - take a clue.
The untold story of Pakistan China trade – The Express Tribune
However, there are major discrepancies and variances in data with relation to Chinese goods imported by Pakistan. For instance, in FY 2008, various anomalies existed in the trade data that was reported to the UN by Pakistan and by China.
So - the imports are way more than they are reported. Means more revenue loss in terms of lost duty.
The only thing these 'trade deals' are doing is killing the local market & local businessmen. But no one cares looks like.