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ISLAMABAD: In what appears to be a major decision to explore new markets for Pakistani agriculture products, the Ministry of Commerce has approved a plan to tap Russian markets.
In this connection, 12 exhibitors of Pakistani agri-products will visit Moscow next month. The delegation will interact with Russian buyers to identify the routes and mode of payment.
These decisions were taken in a meeting chaired by Commerce Minister Khurram Dastagir Khan and Minister for National Food Security and Research Sikandar Hayat Khan Bosan.
The meeting also decided to pursue the case of Preferential Trade Agreement (PTA) with Russia. The meeting was convened to discuss the opportunities which surfaced in the wake of imposition of Russian sanctions on food products from Europe.
The commerce minister apprised the meeting about efforts being made by the government to seek trade agreement with the Customs Union — Eurasian Economic Union — which includes Russia, Kazakhstan and Belarus.
The meeting decided to invite Russian quarantine officials to visit Pakistan and register meat processing units to facilitate meat export. The meat exporters find air freight too high as it costs them Rs180/kg. The government decided to make special arrangements to facilitate the export of fresh and frozen meat, poultry, vegetables and fruits.
According to the plan, citrus, potato, rice, dairy products, meat and tobacco were identified as priority items.
Bilateral trade between Pakistan and Russia stood at $419.34 million in 2013-14 as against $484.47m in the previous year, reflecting a decline of $65.13m or 13.45 per cent.
The decline is mainly driven by decline in Pakistan’s exports to Russia, which fell by 10.36pc during the period under review.
Currently, Pakistan’s major exports to Russia include woven cotton fabrics, fruit and fruit preparations, synthetic fabrics, various varieties of rice, articles of apparel other than textile material, vegetables, medical and surgical instruments.
Official statistics show Russian food and agriculture imports stood at $43 billion.
Plan to increase agri exports to Russia approved - Newspaper - DAWN.COM
In this connection, 12 exhibitors of Pakistani agri-products will visit Moscow next month. The delegation will interact with Russian buyers to identify the routes and mode of payment.
These decisions were taken in a meeting chaired by Commerce Minister Khurram Dastagir Khan and Minister for National Food Security and Research Sikandar Hayat Khan Bosan.
The meeting also decided to pursue the case of Preferential Trade Agreement (PTA) with Russia. The meeting was convened to discuss the opportunities which surfaced in the wake of imposition of Russian sanctions on food products from Europe.
The commerce minister apprised the meeting about efforts being made by the government to seek trade agreement with the Customs Union — Eurasian Economic Union — which includes Russia, Kazakhstan and Belarus.
The meeting decided to invite Russian quarantine officials to visit Pakistan and register meat processing units to facilitate meat export. The meat exporters find air freight too high as it costs them Rs180/kg. The government decided to make special arrangements to facilitate the export of fresh and frozen meat, poultry, vegetables and fruits.
According to the plan, citrus, potato, rice, dairy products, meat and tobacco were identified as priority items.
Bilateral trade between Pakistan and Russia stood at $419.34 million in 2013-14 as against $484.47m in the previous year, reflecting a decline of $65.13m or 13.45 per cent.
The decline is mainly driven by decline in Pakistan’s exports to Russia, which fell by 10.36pc during the period under review.
Currently, Pakistan’s major exports to Russia include woven cotton fabrics, fruit and fruit preparations, synthetic fabrics, various varieties of rice, articles of apparel other than textile material, vegetables, medical and surgical instruments.
Official statistics show Russian food and agriculture imports stood at $43 billion.
Plan to increase agri exports to Russia approved - Newspaper - DAWN.COM