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International Trade Presentation(Pakistan-China relations)
Transcript of International Trade Presentation(Pakistan-China relations)
Trade Relations Introduction Some of the world's highest peaks lie in Pakistan, including five of the fourteen eight-thousanders (mountain peaks over 8,000 metres or 26,250 feet). Some Quick Facts Pakistan is one of the largest producers of natural commodities, and its labour market is the 10th largest in the world. Chickpea(2nd)
Date Palm (5th) Sugarcane (5th)Onion (7th)Citrus fruits (6th)Mango (4th)Wheat (7th)Rice (14th) Agricultural Products Pakistan ranks eighth worldwide in farm output Rehbar-I rocket was launched from Pakistani soil, making Pakistan the first South Asian country to launch a rocket into space. • Pakistan launched its first satellite, Badr-I, from China in 1990, becoming the first Muslim country and second South Asian country to put a satellite into space. •In 1998, Pakistan became the seventh country in the world to successfully develop its own nuclear weapon. •More than sixty languages are spoken in Pakistan, including a number of provincial languages. •The national sport of Pakistan is hockey, in which it has earned 8 of its 10 Olympic medals, including three gold medals (1960, 1968, and 1984). Pakistan has also won the Hockey World Cup a record four times (1971, 1978, 1982, 1994). •Cricket, however, is the most popular game across the country. The national cricket team has won the Cricket World Cup once in 1992. Pakistan won the 2009 ICC World Twenty20 in England. JAHANGIR KHAN Squash World Open six times and the British Open a record ten times. From 1981 to 1986 he was unbeaten and won 555 games consecutively.
It is the longest winning streak by any athlete in top-level professional sports as recorded by Guinness World Records. •Jansher Khan won the Squash World Open a record eight times, and the British Open six times. won a total of 99 professional titles and was ranked the World No. 1 for over six years. •Abdus Salam won a Nobel Prize in Physics for his work on the electroweak interaction. Sharmeen Obaid Chinoy is an Emmy and Oscar award-winning Pakistani documentary film-maker won an Academy Award for her documentary, Saving Face in 2012 The results of the Cambridge Outstanding Achiever Awards 2009 for O and A levels reveal that more than 50 Top in the World awards have been won by students in Pakistan. A student in Islamabad, Ibrahim Shahid, set a new world record by scoring 23 As in Cambridge O level exams Ali Moeen Nawazish is a Pakistani student notable for passing 23 A-levels, a world record. He got 21 As, a B, and a C in a single year. Arfa Kareem
in 2004 at the age of nine years became Microsoft Certified Professional (MCP), the youngest in the world Babar Iqbal is a young I.T. prodigy fromPakistan who started computer programming at the age of 5. He became the youngest Microsoft Certified Professional (MCP) in the world at the age of 9, as well as obtaining the record of being the youngest CIWA aged 9, youngest CWNA at 10, youngest Microsoft Student Partner (MSP) at 11 and youngest MCTS in .NET 3.5 at 12. Zohaib Asad the first and only person in the world to have achieved 28 A’s in International O levels other than that I have 10 A’s in International A/AS Level along with Top in the Region awards in Human and Social Biology and General Paper According to a Cambridge International Examination press release fifty-three students achieved the highest marks in the world in 2010. Edhi Foundation runs the world's largest ambulance service and operates free nursing homes, orphanages, clinics, women's shelters, and rehab centers for drug addicts and mentally ill individuals. Geography Pakistan lies in between instable Afghanistan, hostile India, nuclear Iran and emerging global power China. Pakistan occupies a geopolitically important location at the crossroads of South Asia, the Middle East and Central Asia. Pakistan has some of the World's highest peaks including K-2, the world's second highest peak. Situated in South Asia, Pakistan is a gateway to Central Asia and its Arabian Sea provides an easy access to the countries of the Middle East.
It lies in the neighbourhood of China and India which due to their huge markets are very important. Pakistan GDP = $210.6 billion (2011) Growth Rate 2.4% (2011) GDP Per Capita $2,800 (2011) agriculture: 20.9%
services: 53.3% Trade The Free Trade Agreement was signed between the two countries in 2006. In the overall package Pakistan will get market access at zero duty on various commodities.
China will also reduce its tariff by 50% on fish, dairy sector, frozen orange juice, plastic products, rubber products , leather products, knitwear and woven garments etc. In the overall package Pakistan will get market access at zero duty on various commodities.
China will also reduce its tariff by 50% on fish, dairy sector, frozen orange juice, plastic products, rubber products , leather products, knitwear and woven garments etc. Pakistan has given market access to China on different products such as machinery, organic, and inorganic chemicals etc. Phase I which will cover the first five years under the preferential agreement.
For Phase‐II, both parties will endeavor to eliminate tariffs on no less than 90% of products, both in terms of tariff lines and trade volume within a ‘reasonable’ period of time Phases of FTA Chinese accession to the WTO was preceded by more than ten years of intense negotiations at the multilateral and bilateral levels WTO USA has remained the major market for Chinese exports in recent years.
Other major export partners include Japan, South Korea, Germany and Netherlands Major markets for Chinese exports Major export items include
steel.etc Export items to the World Chinese total imports have increased substantially. The import value rose from US$ 412 billion to US$ 955 billion with an average growth rate of 23.4% per annum, which is approximately double the world average imports growth.
Chinese Imports China exported more than US$ 5 billion worth of commodities to Pakistan in 2007, while the figure was only US$ 1.8 billion for the year 2003. China is the largest import sources for Pakistan and its share has increased from 14 % to 17% during 2003‐07. China Pakistan
Trade Pakistan exports to China have increased by 17.7% per annum during the last four years though its share in Chinese market has declined from 0.14% to 0.12%. The share in Pakistani export mix, however, has increased from 4.82% to 6.19%. Pakistan exports to China
Pakistan imports and exports China total imports = $ 1 trillion Pakistan exports to China representing 0.65% market share of a range of products constituting 13% of China total imports Pakistan total export to world = $ 12,975 million
Pakistan export to China = $ 1154 million
Ranking 33rd amongst China importing partners
Pakistan- China Trade Gems stones,
Oil and gas exploration and production
Mining; Pakistan has one of the largest and least exploited coal reserves in the world; identified but unexploited mineral deposits;
Huge potential for agricultural expansion and food processing Opportunities Energy sector such as hydro, coal, solar, biogas and other sources
An enormous unmet demand for housing, transportation, health and education; considerable potential in the IT sector. The Current Situation Difficulties on the non-economic front Energy crises Business closures Declining long term foreign investment Worsened by the war on terror in which Pakistan is a frontline state. Global financial crisis Direct & Indirect Costs of War The loss of life
and business assets Deterioration of coutry's image
hindering business interactions and FDI. Effects During 2008-9, the export of Textiles, which account for around 54% of Pakistan’s total exports, dropped from US$ 10.6 billion to US$ 9.6 billion. Readymade Garments, which dropped by 21.7%.
Cotton Yarn dropped by 15%.
Bed linen by 10.2%
Art Silk & Synthetic Textiles by 22.1%
Cotton Fabric by 4.0%.
Finished leather and leather manufacturers dropped from US$ 1.1 billion to US$ 0.8 billion registering a drop 24.5%. Rice exports have registered an impressive growth from US$ 1.84 billion to US$ 1.99 with an increase of 8.2%.
Engineering goods registered an increase of 26.1%
The export of Jewelry increased by 35%. Taking a long term view of Pakistan’s export performance over the last ten years, Pakistan’s share in the global market, according to WTO data, has declined by more than 1/3 to 0.13% in 2009 from 0.21 % in 1999. Pakistan and China signed a formal contract worth $350 million for development of Saindak Copper-Gold mine. Chineese investments in energy sector of Pakistan. Gwadar Port and the Coastal Highway. However after a critical phase of weak domestic macroeconomic situation and reduced external demand owing to the global financial crisis, Pakistan economy is now undergoing a recovery phase. The Road to prosperity for Pakistan passes through China. "higher than mountains deeper than oceans stronger than steel and sweeter than honey". Relationship between Pakistan and China People's Republic of China–Pakistan relations began in 1950 when Pakistan was among the first countries to break relations with the Republic of China on Taiwan and recognize the PRC. Diplomatic relations were established in 1950, military assistance began in 1966,
a strategic alliance was formed in 1972
economic co-operation began in 1979. China has become Pakistan’s largest supplier of arms and its third-largest trading partner. Favorable relations with China is a pillar of Pakistan's foreign policy. China supports Pakistan's stance on Kashmir while Pakistan supports China on the issues of Xinjiang, Tibet, and Taiwan Military cooperation has deepened with joint projects producing armaments ranging from fighter jets to guided missile frigates. According to a Pew survey of Pakistan public opinion in 2010, 84 percent of respondents said they had a favorable view of China and 16 percent had a favorable view of the United States. These results show that Pakistan is one of the most pro-China country in the world. Muhammad Aatir Khan & Shahjahan Masud