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In this Issue
NEWS UPDATE 2 – 15
6th Expo Pakistan 2011 2-6
Sixth Expo Pakistan: PM seeks to woo foreign
investors
Expo Center to help achieve exports target:
Makhdoom
Exhibitors bag $517m orders
The 6th Expo Pakistan: A Successful event by Dr.
Mirza Ikhtiar Baig
General Information 6
Cancellation of the membership of M/s. Paradise
Leather Co., Kasur by PTA
New address of Consulate General of Pakistan, Hong
Kong
5th Session of Pakistan-Uzbekistan Joint Ministerial
Commission (JMC)
Joint Venture 6-7
Design Institutes of Pakistan and Poland ink deal for
Design Development
Business Opportunities 7
Major Railway Projects in Saudi Arabia and the Gulf
Region
Press Clipping 7-14
Value-added products exports to go up
MFN status for India under consideration
Indian PM accepts invitation to visit Pakistan, Fahim
India announces support to EU duty waiver for
Pakistan
Pakistan, India discuss opening of bank branches
KCCI too Dwell on Mutually – beneficial trade with
“ TDAP Can Provide a List of Importers for any Country for any product at I&C
Karachi”
V o l N o . 1 5 t o 1 7 1 5 t h N o v e m b e r 2 0 1 1
3
Indian Counterparts
Chinese government assures TDAP of participating
in 6th Expo Pakistan
Japan plans investment seminar for Pakistan
Ministry of Commerce working for 72 items export
to EU
Bilateral Trade with China Touches $ 8.6 billion
Spain Super Store giant to open buying office
Fairs & Exhibitions 15
9th International Trade Fair at Lome, Togo
20th International Trade Fair at Dakar, (FIDAK)
Africa Export and Import Fair 2011
SRO 16 EXPORT GUIDE 17 – 20
Review of Russian Meat Market 17 – 18
EU and Pakistan Trade Relations 19 – 20
ADVERTISEMENTS 21 – 22 INTERNATIONAL TRADE ENQUIRIES 23 FEEDBACK FORM 24
6th EXPO PAKISTAN 2011
Sixth Expo Pakistan: PM
seeks to woo foreign
investors
Prime Minister Syed Yousuf
Raza Gilani has said that despite the
scourge of terrorism at home and in its
neighbourhood, Pakistan is still one of
the most attractive destinations for doing
business and investment.
Speaking at the inaugural
ceremony of the Sixth Expo Pakistan
held at Sindh Governor's House on
Wednesday, the Prime Minister said the
Ministry of Commerce had announced a
three-year Strategic Trade Policy
Framework to provide a long-term policy
framework of sustainable businesses.
This would enable them to plan
expansion and growth.
He urged the concerned
government agencies to simplify
procedures, reduce red-tapism, and
enhance transparency and efficiency
towards creating a business-friendly
environment.
The sixth Expo Pakistan,
organized by Trade Development
Authority of Pakistan, was held at Karachi
Expo Centre.
Sindh Governor Dr Ishratul Ebad
Khan, Chief Minister Syed Qaim Ali
Shah, federal ministers Farooq Sattar
and Babar Khan Ghori, federal
commerce secretary Zafar Mahmood and
Speaker Sindh Assembly Nisar Khohro
were also present on this occasion.
Gilani said Pakistan is endowed
with exceptional human and natural
R e a d e r s P l e a s e P r o v i d e F e e d b a c k o n t h e f o r m a v a i l a b l e o n t h e b a c k p a g e f o r f u r t h e r i m p r o v e m e n t o f t h e b u l l e t i n
EXPORT NEWS 15 to 17/2011
3
resources which offer excellent
opportunities for developing mutually
beneficial business. "However, there is a
need to harness the potential to the full
extent in order to give impetus to our
economy," he added.
In Pakistan, the Prime Minister
said, the growth rate is not at a
desirable level due to multiple problems.
"However, this year's remarkable growth
in exports is a testimony to the great
potential of our export sector which
demonstrates the country's capability
and indeed refutes the notion of
sluggish economy and it clearly
establishes the resilience of our
businessmen and of the economy," he
added.
"While the leaders of our industry
help lead our country on the path of
prosperity, it is imperative that we
provide them the most effective and
timely support for making businesses
more competitive and attractive," he
said. "In this regard, the President and I
have been emphasizing Pakistan needs
Trade not Aid," he added.
He said the government has
made concerted efforts to acquire better
market access for Pakistani products in
the world markets. The EU's offer at the
WTO to Pakistan for duty free access to
goods from 75 tariff lines is just one
example of such endeavours of the
government. By 2014, Pakistan expects
to qualify and benefit from the EU's
import preferential treatment under the
GSP Plus regime allowing duty free
access for all the products of Pakistan
exports.
He said Pakistan has already
entered into preferential and free trade
agreements with China, Malaysia, Sri
Lanka, Iran, and Mauritius. He strongly
urged exporters to take full advantage of
the market access opportunities of the
bilateral agreements. "We are also
making concerted efforts to enhance
regional trade with our neighbours," he
said and added that the recently-held
trade talks between India and Pakistan
are moving in the positive direction.
On the global scene, he said, a
major shift is surely but steadily taking
place through economic redistribution
amongst the world community. Most
observers agree that economic gaps
between the West and the Asian
economies are shrinking to the
advantage of Asia. "In particular, our
neighbours, especially China, are seen
as the engine of growth for the world
economy in the coming decades. They
are heading with nearly double-digit
growth rates bringing millions of their
citizens out of the shackles of poverty as
their economies generate wealth at a
worth mentioning pace," he stated.
According to him, the Expo
Pakistan has become an annual event
held at the cosmopolitan city of Karachi
to showcase a complete range of quality
products and services offered by
Pakistan. It is heartening to see such a
large gathering of foreign guests, he
added.
He recalled that he had declared
the year 2010-2011 as the year of
exports. "It is most gratifying that we
achieved the milestone of $25 billion
exports this year," he said “Of course, it
was made possible through combined
efforts of the public and private sector”,
he added.
EXPORT NEWS 15 to 17/2011
4
He congratulated all the
stakeholders whose collective efforts
have made this year truly the year of the
exports. "We do realize the hardships of
the business communities who are
facing severe problems in the face of
energy outages and still they have
outperformed," he said, adding that it is
the ingenuity and hard work of the
Pakistani entrepreneurs that made the
difference. "Having said this, the
democratic government is fully
cognizant of these difficulties and is
taking appropriate steps to overcome all
such problems to facilitate the
undertaking of businesses in the
country," he said.
He said that he had performed
the ground-breaking of the Daimer-
Basha Dam only one day back, which
would not only add 4500 megawatts to
the national grid, but also provide a
solution in controlling the floods and
also provide sufficient water to irrigated
country's vast cultivable lands.
He mentioned that a meaningful
headway has been made by his
government and a recent
acknowledgment of this fact is a World
Bank Report "Ease of Doing Business in
South Asia", which has ranked Pakistan
as one of the attractive investment
destinations in the region.
The PM said: "To illustrate this,
the recent experience of a Spanish
company, EL CORTES INGLES, is
worth mentioning. This multibillion-dollar
company with a large network of
departmental stores in Europe visited
Pakistan on the invitation of TDAP with
more than 30 buyers last year. They
found a large range of competitive
products and of high quality. The
company Chief Executive wrote:
'Perhaps it is not the level of insecurity
but the view that the media gives to
Western citizens which restrains their
travelling to Pakistan.'"
Resultantly, the prime minister
said, the Spanish company appointed an
Exclusive Buying Agent for Pakistan, and
orders have already started to pour in. "I
am confident that those foreign friends,
who have chosen to be our guests at this
Expo, will also be pleasantly surprised to
find Pakistan a profitable place to do
business," he said.
The Prime Minister announced a
cash bonus for TDAP employees equal to
two basic salaries for their efforts towards
making Expo Pakistan a major success.
Federal Commerce Minister
Makhdoom Amin Fahim said that the
country has witnessed the highest-ever
growth in its exports of $25 billion in
FY2010-11. "We want to continue this
momentum," he said and added the
commerce ministry is making more
efforts towards increasing country's
exports.
In this regard, he said preferential
trade agreements are being signed with
Indonesia and Turkey. The commerce
ministry is moving for second phase of
free trade agreement with China.
Recently, a delegation had visited India
and it is expected Pakistan's trade
relations with India would be normalized,
he added.
The Chief Executive of TDAP Mr.
Tariq Iqbal puri said over 600 foreign
guests from 52 different countries are
participated in this expo. He said 285
exhibitors from diversified sectors
EXPORT NEWS 15 to 17/2011
5
showcased their products for
international and local buyers.
Expo Center to help achieve
exports target: Makhdoom
Federal Minister for Commerce
Makhdoom Amin Fahim inaugurated the
6th International Expo Pakistan at Expo
Centre. Federal Secretary Commerce
Zaffar Mehmood, Chief Executive
Officer of Trade Development Authority
of Pakistan (TDAP) Mr. Tariq Puri,
President, Federation of Pakistan
Chambers of Commerce and Industry
(FPCCI) Senator Haji Ghulam Ali were
also present.
This international event, with
participation of 52 countries, continued
from October 21st ~ 23rd. It was open for
general public on last two days. Talking
to media on this occasion, the Minister
said the expo would prove a big
opportunity to market Pakistan‟s wide
range of products that is, textile,
agriculture, dairy products, fisheries,
meat, and engineering goods.
Handicrafts and other cottage
industry products were given prominent
place in the expo. It would greatly help
promote our exports and bring more
foreign investment in various sectors of
the country. It would give very good
exposure to foreign investors and would
help stop flight of capital from the
country, he said.
He said a large number of
foreign and domestic investors besides
diplomats from various countries were
expected to visit the 4-day expo. “I
hope, Expo will help us achieve our
exports target,” he said.
While assisting the Minister, CE,
TDAP, Mr. Tariq Puri said that more than
600 foreign importers were expected to
visit this international trade exhibition.
These included buyers from Russia,
China, Japan, & France. To another
query, the Federal Minister said the PPP-
led Government was trying its best to
improve energy situation in the country.
Prime Minister Yousuf Raza Gilani laid
the foundation stone of Bhasha Dam two
days back to ensure energy supply
position in next couple of years. The work
on Pak-Iran Gas Pipeline project was in
progress. “We are using all available
sources including the import of gas to
meet its domestic and industrial
demand,” he said. When his attention
was drawn to the recent positive
developments between Pakistan and
India on economic front, Makhdoom Amin
Fahim confirmed that many trade related
issues were settled. Future strategy on
bilateral trade would be finalized during
the meeting to be held in the current
month.
Exhibitors bag $517m orders
The visiting foreign buyers
have placed orders worth $517 million
and signed 15 memorandum of
understanding (MoU) at the 6th Expo
Pakistan with a major breakthrough
witnessed in Information Technology
(IT).
A Polish company is in talks with
a local IT company to finalise a
partnership deal with tentative business
of $1 billion, which is a sign that Pakistan
is also competitive over regional
countries in the IT field.
This was stated by Trade
Development Authority of Pakistan Chief
EXPORT NEWS 15 to 17/2011
6
Executive Tariq Iqbal Puri while giving a
sort of roundup of the mega event to
media at Karachi Expo Centre on
Saturday.
He said that during two days a
record 1,650 business-to-business
(B2B) meetings between buyers and
Pakistani exhibitors-cum-manufacturers
were held and foreign buyers made
1,093 visits to different stalls at the
expo.
Mr. Puri disclosed that M/s
Ormita of Hong Kong had signed a MoU
with Pakistani food company M/s Alpha
Dairies of $120 million for first year with
a provision to go up to $300 million.
The success of the expo could
be judged from the fact that some of the
foreign delegations were headed by
their ministers or high trade officials.
Chinese delegation, he said, was
headed by Vice Chairman China
Counsel for Promotion of Trade.
Similarly, he said that Malaysian
delegation was headed by Haji Abdul
Maalik, Penang State Minister and
Madagascar delegation was headed by
Minister for Trade, the TDAP Chief
added. A big turnout of 500 foreign
visitors from 52 countries despite
security concerns was a testimony to
the fact that foreign buyers still preferred
Pakistan as their source of supply, he
maintained.
The TDAP Chief said that many
foreign buyers extended their stay and
held meetings and some also visited
production facilities.
As per TDAP plans, he said in
coming years the Expo will be gradually
given international posture and Chinese
and Japanese stalls in the expo marked
the 60th anniversary of relationship with
Pakistan.
The main objective of holding
trade fair is to increase country‟s exports
so that lesser bill of imports is footed.
He disclosed that M/s Iftikhar
Ahmed Co. secured export orders worth
$4 million for fresh vegetables and value-
added fruit products.
Furthermore, he said that
delegates from UK, Russia, and Holland
had shown keen interest in importing
fresh fruits from Pakistan. The TDAP
Chief said that hopefully the next Expo
would be held in October 2012.
Around 22 Commercial
Counsellors of Pakistan from different
countries also accompanied the
delegations from their respective
countries.
He admitted that some problems
were faced by foreign visitors and this
was mainly because that such a high
turnout was not expected at any level and
hoped that next time more and better
facilities would be arranged.
The 6th Expo Pakistan: A
successful event by Dr.
Mirza Ikhtiar Baig
The first „Expo Pakistan‟ was
organized in 2005 in Karachi, and the
sixth Expo Pakistan also held in Karachi
from October 20-23. Due to poor law and
order situation in the country, foreign
delegates and buyers are reluctant to
visit Pakistan. But, I am pleased to inform
that this year more than 600 foreign
EXPORT NEWS 15 to 17/2011
7
delegates from 52 countries participated
in the Expo Pakistan2011. Out of which
some of the delegates were the guests
of TDAP. Wide range Products from
Agri-Food, Auto-Parts, Sports, Fabric,
Garments, Leather, Handy Crafts,
Furniture, Surgical Instruments, IT and
Energy sectors were displayed by the
exhibitors. Big Local Pakistani
companies from different sectors also
displayed their products in the Expo. A
trade delegation from India
accompanied by Pakistani Trade
Minister Naeem Anwar also participated.
The Prime Minister of Pakistan
formally inaugurated the 6the Expo
Pakistan, in the Governor House which
was attended by all foreign delegates
from South and Latin America, Brazil,
Mexico, Chile, Yemen, Morocco and
Argentina. Along with our commercial
consulars from their countries. The Expo
has provided an opportunity to all
stakeholders in trade to meet and do
business. After the inauguration, Prime
Minister Yusuf Raza Gilani met
individually each guests which
embossed a good impression on them.
On this occasion, Mr. Tariq Puri, CE
Trade Development Authority of
Pakistan (TDAP), said the Prime
Minister declared 2011 the year of
exports. Giving details he said country‟s
exports rose in last four years from
$17.7 billion (2008-09), $19.3 billion
(2009-10) and to record $25.3 billion last
year 2010-2011. Despite that our
economy sustained substantial losses
due to devastated flood in the country,
which has damaged our cash crops. I
must give credit to our exporters that in
spite of power and gas load shedding in
the industries affecting their production.
The Textile Sector achieved 35%
growth, and the country‟s gross exports
exceeded $ 25 billion which reflects the
confidence of the foreign buyers on our
products.
During the Expo, a Multilateral
International Conference on trade and
investment was held in collaboration with
Board of Investment (BOI), Trade
Development Authority of Pakistan
(TDAP), Pakistan Japan Business Forum
and other business forums of Australia,
Belgium, France, Germany, Italy, Russia,
Sri Lanka, Switzerland. The organizers
constituted various focus groups of
Pakistan‟s key sectors including
Agriculture, Dairy Farming, Textile,
Infrastructure, Energy, Pharmaceutical,
Light Engineering, Mining and Minerals. I
was Chairing Textile Group and gave a
presentation on the investment
opportunities in Pakistan. Many
delegates form Russia, Poland,
Argentina, Malaysia and other countries
participated in the Group discussion.
Expressing their interest and confidence
to do business Pakistan. Majority of them
came to Pakistan first time and were
impressed with our warmth welcome and
hospitality. They were of the view that the
Western media presented a bad image of
Pakistan, they called Karachi a vibrant
and trade and industrial city which means
business. I also invited the foreign
delegates to invest in the Textile City
Project in Karachi in value added joint
ventures. I learned from them that
several countries are buying our products
through third country at higher prices,
such Russia and Poland are buying fabric
at higher price from Turkey, but now they
want to deal directly from us.
During Expo fashion shows were
organized, Federation of Pakistan
Chambers of Commerce and Industry
EXPORT NEWS 15 to 17/2011
8
(FPCCI) arranged meetings with the
Business Councils of various countries,
and TDAP arranged B2B meetings of the
businessmen for trade and investment. A
delegation of Pakistan Turkey Joint
Business Council (PTJBC) with their
Chairman Hussain Akin met their
Pakistani counterpart in FPCCI. During
the meeting. The Council criticized
Turkish government‟s imposing protection
duties on the imports of our textile
products which has severely affected
Pakistan‟s exports to Turkey. PTBC urged
the need for signing of Preferential Trade
Agreement (PTA) between Pakistan and
Turkey to achieve $2 billion annual trade
target.
The organizers were aiming
three objectives to achieve from the
Expo: Firstly, to get export orders from
the foreign buyers, secondly, to attract
foreign investment in Pakistan potential
sectors and thirdly, to create Pakistan
soft image of Pakistan. We have
received exports orders worth more than
$500 million during the Multilateral
Investment Conference, many foreign
delegates shown their interest to invest
in Pakistan and after meeting with the
delegates I am certain that on return to
their countries they will talk good about
Pakistan. On achieving all three
objectives from the Expo I, congratulate
Zafar Mahmood, Secretary Trade,
Senator Ghulam Ali, President FPCCI,
and Tariq Puri, CE TDAP for success of
the Expo-Pakistan 2011.
GENERAL INFORMATION
Cancellation of the
membership of M/s.
Paradise Leather Co., Kasur
by PTA
The Customs Department has
recently claimed to have arrested 5
exporters allegedly involved in
multimillion Scam, which was allegedly
being fraudulently exported to Taiwan, by
Mis-declaration and without payment of
regulatory duty of Millions of Pak
Ruppee. It has been revealed that out of
the five (5) exporters/companies, one
was the member of Pakistan Tanner
Association (PTA) namely M/s. Paradise
Leather Co., Kasur.
In this regard PTA has
“Cancelled” the Membership of M/s.
Paradise Leather Co., Kasur.
Therefore, M/s. Paradise Leather
Co., Kasur is no more member of
Pakistan Tanners' Association (PTA) and
all the affairs/business activities would be
dealt by themselves under its own
umbrella without the Shadow of this
recognized Trade Body and PTA would
not be held responsible for any
eventuality if occurred in future.
New address of Consulate
General of Pakistan, Hong
Kong
The Consulate General of Pakistan,
Hong Kong has informed this office that their
office has been shifted to the following
premises:
Consulate General of the Islamic
Republic of Pakistan
803-4, Tung Wai
Commercial Building,
EXPORT NEWS 15 to 17/2011
9
109-111, Gloucester Road,
Wanchai, Hong Kong.
The above address may please
be used for all future correspondence.
5th session of Pakistan-
Uzbekistan joint ministerial
commission (JMC)
Tashkent has proposed that
public and private sectors, delegations
may participate in the Annual
International Cotton Fair held in
Uzbekistan in October, each year to sell
cotton crop of the year at one platform.
This is the most appropriate
forum to buy cotton from Uzbekistan.
Usually, almost the entire crop is sold
during the fairs.
JOINT VENTURE
Design Institutes of
Pakistan and Poland ink
deal for Design
Development
Pakistan Institute of Fashion and
Design (PIFD) and Polish Institute of
Industrial Design (IWP) signed on 26
July, a cooperation deal in design
development and management. The
deal cames on the eve of Polish Foreign
Minister Radoslaw Sikorski's visit to
Pakistan which started on 1st August
2011. The agreement would help
Pakistan's industry and businesses,
especially in development and
management of designs which are in
demand in European markets and will
positively affect our exports to European
countries.
The PIFD was keen and so were
Commerce Ministry and Pakistan's
Mission in Warsaw to benefit from the
opportunities of sharing and transferring
European design development and
knowledge available through cooperation
with the Polish IWP which has within its
scope "Design Your Profit" (DYP) project
run in collaboration with the EU. IWP is
one of the leading design institutions in
Poland. IWP is a strategic advisor to
many Polish companies, designers and
public entities and assists them in
development of design of new products.
It is the main institution in Poland which
deals with systemic development of
design and conducting design-driven
business research for stimulating
innovation and competitiveness. Polish
Ministry of Economy has granted the
status of a research and development
center to IWP.
Under the cooperation
agreement, IWP will extend support to
PIFD in projects related to promotion of
design for new products. It will also
benefit designers of PIFD to benefit from
design workshops and e-learning courses
offered under DYP. It will lead to useful
exchange of experiences in design
management, evaluating design
effectiveness, identifying needs and
competence of companies related to
design. It will enhance capacity of PIFD
which will benefit Pakistani companies.
Consequently this cooperation will build
capacity of Pakistani companies to
develop designs acceptable in the
European markets. Once Pakistani
designs are in sync with the European
requirements, demand of our products
will surge in the whole of Europe.
EXPORT NEWS 15 to 17/2011
10
BUSINESS
OPPORTUNITIES
Major Railway Projects in
Saudi Arabia and the Gulf
Region
GCC countries are embarking
upon a highly ambitious and extensive
infrastructure development programme
valued at $ 142 billion over the next
three years. These projects offer huge
opportunities for Railways and
construction sector. This information is
being brought to the notice of all who
may wish to take part in them.
For further information interested
Pakistani parties may contact on the
following address:-
Consulate General of Pakistan
Commercial Section
Jeddah
Tel: 6691054
Fax: 6690561
E-mail: pakcom.jdh@tdap.gov.pk
PRESS CLIPPINGS
Value-added products
exports to go up
Ministry of Commerce and Trade
Development Authority of Pakistan
(TDAP) would jointly speed up their
activities for facilitating the development
and exports of value added products in
the Agro-Food sector and the authority
would act as the focal agency. This was
stated by Zafar Mahmood, Federal
Secretary Commerce while chairing a
meeting of leading exporters in TDAP
Karachi to develop a strategic roadmap
for the Agro-Food sector.
Mr. Tariq Puri, Chief Executive of
TDAP; briefed the participants about the
role of MoC/TDAP as a catalyst to
encourage the exports of value added
agriculture products. He also informed
that there was much emphasis on value
addition, for instance in Rice, where
exporters and growers should focus on
projects which would lead towards value
addition rather than continuing to export
raw materials in order to maximize gains
from the quality produce of Pakistan.
In order to provide easy access to
credit, Secretary Commerce added that
the Ministry has taken up the matter with
State Bank and Zari Tarqiati Bank (ZTBL)
for provision of credit lines to farmers and
exporters to assist them in identifying and
establishing much needed projects in the
Agro Food sector to achieve the
objective. Secretary Commerce had
advised TDAP to hold quarterly meetings
with SBP along with relevant
stakeholders for reviewing the current
policies pertaining to provision of credit
for agri sector and to review the
disbursement and utilization of agri loans.
Furthermore, a committee may
also be formed wherein representatives
of commercial banks should also be
present the address to issues. Secretary
Commerce also directed the National
Animal and & Plant Health Inspection
Service (NAPHIS) to conduct the
awareness seminars in collaboration with
TDAP for the benefit of exporters to know
EXPORT NEWS 15 to 17/2011
11
the issues related to SPS requirements
and how to address them.
Secretary Commerce assured
that MoC and TDAP would continue to
facilitate the exporters and growers in
resolving all their issues pertaining to
various other agencies and provincial
governments. The meeting was
attended by leading exporters from
Poultry; Rice; Fruits & Vegetables;
Fisheries; Processed Meat and officials
of SBP; ZTBL; PNAC; Plant Protection
Department, PHDEC; PSQCA; NAPHIS;
TDAP and MoC.
MFN status for India under
consideration
In a dramatic break from the
past, the government is inclined to
granting the most favoured nation
(MFN) status to India in a couple of
months after getting a green signal
from all stakeholders.
As a first step, the commerce
ministry has sent a summary to all
stakeholders, seeking their comments
on changing the decades-old trade
regime with India, according to sources.
The summary was sent a couple
of weeks ago and the stakeholders have
been asked to submit their comments
within three weeks. If no objection is
raised, the summary will be sent to the
federal cabinet for approval.
The environment turned
favourable for the decision in the wake
of the recent tensions in Pakistan‟s ties
with its top trading partner, the United
States. Pakistan‟s exports at an
estimated $4 billion in 2010-11 make the
US the only country with which it enjoy
surplus.
Experts say granting the MFN
status to India will not only reduce
tensions between the two countries but
also earn support from the Indian
government at a time when the US has
accused Pakistan of having links with the
Haqqani network of Afghanistan.
While the government appears to
have put aside some crucial issues,
including Kashmir, that have marred
economic and trade relation between the
two countries for decades, it has made
the MFN decision conditional to the
removal of non-tariff barriers by India.
Prime Minister‟s Adviser on
Textile Mirza Ikhtiar Baig said he hoped
the MFN status would be granted to India
next month.
Mr Baig, who recently visited India
along with Commerce Minister Amin
Fahim, said the formalities were likely to
be completed ahead of the next meeting
of the commerce secretaries of the two
countries. Pakistani and Indian
commerce secretaries are scheduled to
meet in November in New Delhi to
finalise the issue.
Indian Commerce and Industry
Minister Anand Sharma is scheduled to
visit Pakistan in November along with a
delegation of businessmen. “I think the
decision is more likely to be announced
during the Indian commerce minister‟s
visit,” Mr Baig said.
Pakistan‟s business community,
according to Mr Baig, has already
recommended to the government to grant
the MFN status to India. This is a key
recommendation as Pakistani
EXPORT NEWS 15 to 17/2011
12
businessmen were not prepared in the
past to compete with Indian businesses
and wanted a restricted regime.
Commerce Minister Amin Fahim
also hinted during his five-day visit to
India that the status would be granted,
saying fulfilment of procedures were
delaying the decision.
Mr Fahim said it was the priority
of his ministry to grant MFN status to
India at the earliest.
Last week, the commerce
ministers of Pakistan and India set a
target of $6 billion bilateral trade to be
achieved in three years from the current
$2.7 billion. There are also reports of $3
billion trade through illegal channels.
Pakistan will also change its
trade regime from „positive‟ to „negative
list‟ as required under the South Asian
Free Trade Agreement (Safta). This was
the key issue due to which Pakistan had
not ratified the treaty, Mr Baig said.
The country has included 1,945
items in the positive list for trading with
India, while the import of other items is
banned.
Under Safta, Pakistan has
committed to a sensitive (negative) list
of 1,169 items.
Mr. Baig said the negative list
was likely to be reduced to only a few
items and the issue would be settled by
November.
To reciprocate this gesture, the
Indian government would formally
withdraw its opposition to an EU trade
concessions package at the World
Trade Organisation, he said. The WTO
is scheduled to take up the EU waiver
issue on Oct 20 and the Indian decision
is likely to be announced the same day.
The adviser said that Indian
government had agreed to improve the
infrastructure on Wagah border and set
up cold storages for perishable items. He
said Pakistani businessmen had also
raised the issue of non-tariff barriers with
Indian authorities concerned.
Indian PM accepts invitation
to visit Pakistan, Fahim
Commerce Minister Amin
Fahim formally invited on Monday
Indian Prime Minister Dr Manmohan
Singh to visit Pakistan, reviving hopes
that the two countries would fully
exploit the potential of economic and
business ties.
Mr Fahim extended the invitation
during a meeting with Dr Manmohan in
New Delhi at the end of his visit, said a
statement issued by the commerce
ministry in Islamabad. The minister
extended his three-day (Sept-27-30) trip
and visited shrines of Sufis and other
tourist spots in India.
On return from India, Mr Fahim
told reporters that the Indian Prime
Minister has accepted the invitation to
visit Pakistan.
However, he did not say when would Mr
Singh visit Islamabad.
Indian Commerce and Industry
Minister Anand Sharma is scheduled to
visit Pakistan as the head of a delegation
of businessmen.
Mr Fahim expressed the hope
that all hurdles would be removed to
EXPORT NEWS 15 to 17/2011
13
achieve the bilateral trade target of $6
billion over the next three years.
According to him, the Indian prime
minister said India wanted to see
Pakistan a prosperous country.
Mr Fahim said the Indian
decision to reverse its earlier stand of
blocking the EU trade package at the
WTO would benefit Pakistan.
The package was due to be
implemented in January, but delayed
because of resistance by India.
According to the commerce
ministry, Mr Fahim praised active
participation and keen interest taken by
Pakistani and Indian business
communities at business conclaves
organised by the Federation of Indian
Chambers of Commerce and Industry in
Mumbai and New Delhi.
Dr. Manmohan stressed that
Pakistan and India should jointly fight
poverty. He assured Mr Fahim of his
government‟s full cooperation in
boosting trade between the two
neighbouring countries.
India announces support to
EU duty waiver for Pakistan
India has announced support
for Pakistan's EU waiver package bid
in World Trade Organisation (WTO).
Necessary instructions are being
given in this regard.
This was announced after the
meeting of Commerce Minister
Makhdoom Amin Fahim and Indian
Minister for Commerce and Industry
Anand Sharma in New Delhi.
A joint statement of the
Commerce Ministers of India and
Pakistan simultaneously released from
Delhi and Islamabad said:
"At the invitation of the Commerce
Minister of India, Shri Anand Sharma, the
Commerce Minister of Pakistan,
Makhdoom Mohammad Amin Fahim is
visiting India from 26th September to 2nd
October 2011.
"After more than three and a half
decades, this is the first visit by a
Pakistan Commerce Minister to India.
Accompanying the Minister is a high level
official delegation including the
Commerce Secretary of Pakistan; and
more than fifty business delegates from
Pakistan. The composition of this
delegation underscores the importance
that both sides attach to this visit and the
mutual desire for better bilateral trade
and commercial relations.
"The official level discussions
were held today (28th September)
between the Commerce Ministers and
their respective official delegations. Both
Ministers noted with satisfaction that
India and Pakistan are entering a new
phase of full normalization of bilateral
trade relations. This augurs well for
enhancing mutual trust and
understanding.
"The ministers agreed to jointly
work to more than double bilateral trade
within three years, from current levels of
2.7 Billion US dollars per annum to about
6 Billion dollars. This goal shall also be
facilitated through the Memorandum of
Understanding signed today between the
India Trade Promotion Organization and
the Trade Development Authority of
Pakistan. The MoU shall foster better
EXPORT NEWS 15 to 17/2011
14
trade promotional activities, for the
benefit of business communities of both
countries.
"The ministers affirmed that fully
normalized commercial links between
both countries would strengthen the
bilateral relationship and build the
bridges of friendship, trust and
understanding - for mutual benefit of
their people and promotion of prosperity
in South Asia.
"The ministers mandated their
Commerce Secretaries to pursue with
vigour the task of fully normalizing
bilateral trade relations. They agreed
that their countries would cooperate for
a high ambition of preferential trade
relations under the framework of the
South Asia Free Trade Agreement
(SAFTA). They noted with satisfaction
the joint and collaborative efforts already
being made by India and Pakistan to
liberalize trade in goods and services
under SAFTA. They agreed that all
mutual obligations contracted under
SAFTA would be implemented with full
sincerity.
"The ministers appreciated the
progress made and roadmap laid for
trade liberalization in the April 2011
meeting of the Commerce Secretaries.
They further mandated their respective
Commerce Secretaries that when they
meet in November, 2011 they shall lay
down specific timelines to normalize all
trade relationships including dismantling
of all non-tariff barriers. Full
implementation of SAFTA obligations
was also mandated. Commerce
Secretaries were also directed to
prepare the roadmaps for greater
preferential trading arrangements
between India and Pakistan. Both
Ministers agreed that joint and concerted
efforts will be made in all areas to create
an enabling environment for trade and to
encourage greater engagement between
the business communities of both
countries. They agreed to further promote
greater intra-regional connectivity through
road, rail, shipping and air.
"Ministers noted with satisfaction
the comprehensive ground covered in the
August 2011 bilateral trade review held in
New Delhi. This meeting has been an
important milestone in identification of
issues impeding trade (in sectors such as
cement, textiles, surgical instruments) as
perceived by the business communities
of both countries. Customs arrangements
have also been significantly synchronized
and both sides are vigorously addressing
issues of infrastructure, to further
promote bilateral trade through the land
route of Attari-Wagah.
"The ministers noted that in the
past few months, India and Pakistan
have constructively engaged towards a
liberalized business visa regime. They
expressed that they now expect this
matter to be expeditiously concluded
before November 2011. The new
business visa regime would allow
multiple entry and could be for a period
up to one year. The Ministers expressed
the hope that such a new visa regime
would rapidly expand the vistas of
bilateral commerce. They emphasized
that a more secure regional environment
would progressively help both countries
to keep liberalizing the visa arrangements
for businesspersons.
"Both ministers reaffirmed that all
decisions taken by them and their
respective officers to improve trade
relations would be closely monitored to
EXPORT NEWS 15 to 17/2011
15
ensure adherence to all agreed
timelines. Both sides would maintain
frequent contact in this mutual quest for
a better trade relationship, underpinned
on the principles of sincerity, mutual
respect and trust. The Ministers agreed
that the bilateral trade liberalization
process should be uninterruptible and
irreversible. They affirmed that both
countries would cooperate and work in
close coordination at multilateral forum,
such as WTO and SAARC, to support
each other, thereby strengthening their
economies."
Pakistan, India discuss
opening of bank branches
Dr Subir Vithal Gokaran, Deputy
Governor, Reserve Bank of India, called
on Makhdoom Amin Faheem, Federal
Minister for Commerce, who is currently
on an official visit to India, to discuss the
opening of bank branches in India and
Pakistan on reciprocal basis, a
statement said on Wednesday.
According to the Trade
Development Authority of Pakistan,
Faheem stressed that both the countries
should fast track the process of opening
bank branches to facilitate the business
community and to increase the trade
volume between the two countries.
Dr Gokaran expressed optimism and
agreed for increased cooperation
between the two regulators.
It is also expected that a high-
level delegation of the RBI will visit
Pakistan in the first half of October to
discuss the modalities for opening of
bank branches.
KCCI too Dwell on Mutually
– beneficial trade with
Indian Counterparts
The Karachi Chamber of
Commerce and Industry (KCCI) proposed
concrete suggestions to be discussed at
the meeting between the commerce
ministers of India and Pakistan held on
September 28 and 29 at Delhi.
A four-member chamber
delegation comprising of its President
Muhammad Saeed Shafiq, Vice-
President Juniad Esmail Makda, former
President and Chairman Sindh Board of
Investment Zubair Motiwala and former
President KCCI Majiyd Aziz participated
in a meeting with Pakistan High
Commissioner in Delhi Shahid Malik and
CEO of Trade Development Authority
Tariq Iqbal Puri at 5 TDAP.
According to programme
Commerce Minister Makhdoom Amin
Faheem along with 40 members' trade
delegation visited India from 26 to 30
September 2011 and during his stay in
India the delegation visited Mumbai and
Delhi and held meetings with trade
bodies, government officials, ministers
and discussed issues related to trade and
investment.
The delegation suggested that
India should be allowed to invest in
various sectors in Pakistan.
The delegation proposed that
Pakistan business community should be
allowed to open their office in India.
They also highlighted various
items including the trade policy for
allowing the trade with India which would
be beneficial for the domestic industries
EXPORT NEWS 15 to 17/2011
16
of Pakistan engaged in the export
oriented and other sectors.
KCCI also discussed issues to
increase trade through land-route and
besides Wagah-Attari, to open the
Monabao-Khokrapar and improve
Customs facilitations and infrastructure.
The delegation highlighted that
visa was the core issue and requested
efforts should be made to resolve it.
It is suggested that many items
which are imported from China can be
imported from India due to cost
effectiveness.
The chamber proposed trade of
minerals, coal, textiles, and steel, etc.
President KCCI Saeed Shafiq
was of the view that collaboration in
steel would be very profitable for both
countries. The recently inked MoU
between KCCI and Bombay CCI is also
deliberated and efforts of Juniad Makda
were appreciated.
Zubair Motiwala suggested
sectors in Sindh where Indians could be
invited to invest.
Majyd Aziz informed that
Pakistan could export up to 150,000
tones of chrome ore to ferro-chrome
plants in India but due to heavy freight
cost, Pakistan was missing on
immediate export of 45 to 50 million
dollars per year.
The KCCI team was very bullish
about the visit of a high-powered
business delegation to India led by
Commerce Minister Makhdoom Amin
Faheem and pledged full support of the
chamber.
Chinese government assures
TDAP of participating in 6th
Expo Pakistan
The Chinese government had
assured Trade Development Authority of
Pakistan (TDAP) that it would participate
in the 6th Expo Pakistan being held in
Karachi from October 20 to 23, 2011.
This was affirmed by Zhao
Jianding, Vice Chairman of Chinese
Council for Promotion of International
Trade (CCPIT) and Yu Jian Ming,
Director General of Shanghai Municipal
Commission of Commerce, on the
occasion of 3rd Pakistan-China Business
Forum held in Shanghai on August 30,
2011. They further stated that there was
a need to increase the trade and
business relations of Pakistani
businessmen with region located at
Eastern Coast of China and at the
Yangtze River Delta. Speaking on the
occasion, Tariq Puri, Chief Executive
TDAP, stated that the TDAP was
extending all necessary support to the
CCPIT in organizing a "China Pavilion" at
the Expo Pakistan 2011, in order to
facilitate the participation of Chinese
companies in this upcoming event, which
also celebrates the 60th year of
friendship between the two countries.
Mr. Puri stated that TDAP has
declared China as the focus country for
its trade initiatives in 2011-12 and plans
to participate in more than 20 fairs in
China. Through this outreach
programme, TDAP is accessing different
regions of China to introduce and
establish the brand "Pakistan" which can
be relied for its quality and competitive
offerings in various sectors like textiles,
EXPORT NEWS 15 to 17/2011
17
leather, fisheries, food products, marble,
gemstones and minerals.
TDAP and Pakistan's Consulate
General of Shanghai had clubbed the
3rd Forum with Intertextile exhibition of
home textiles held in Shanghai from
August 29-31, 2011. Mr. Puri delivered
the keynote speech apprising the
participants about the flourishing textile
sector of Pakistan. He said that it was a
good opportunity for Pakistani
businessmen to introduce and display
their products. This event helped in
boosting bilateral trade between China
and Pakistan and to ensured exposure
of the home textiles of Pakistan in the
Chinese market.
He further stated that TDAP
launched an awareness programme
both in Pakistan and China for
identification of new areas of trade and
investment and Business Forums were
manifestation of such programmes. He
said that 4th Pakistan China Business
Forum wouldl be held in Urumqi on 2nd
September 2011 and another in
November 2011.
Japan plans investment
seminar for Pakistan
The Japanese government plans
to hold an investment seminar in
Bangkok in August 2012 to persuade
investors to invest in Pakistan, Wakana
Kanikawa, an official of the Japanese
Foreign Ministry, said on Tuesday.
Kanikawa and Daisuke Tsukao,
Section Head, Asia & Pacific Division,
Japanese Ministry of Economic, Trade
and Industry, along with a delegation of
businesspersons visited Karachi for
exploring trade and investment
opportunities in the country.
During the visit of the delegation
to the Trade Development Authority of
Pakistan (TDAP) offices, Kanikawa said
that investment promotion missions
would also be sent to Pakistan to
enhance trade and investment between
the two countries.
Secretary Trade Development
Authority of Pakistan (TDAP), Javed
Anwar Khan, briefed the delegation about
the government policies for the creation
of an enabling environment for foreign
trade and investment.
Kanikawa said that the visit was a
prelude to Pak-Japan high-level joint
economic dialogue to be held in Tokyo in
March 2012.
The Japanese delegation
appreciated the positive outcome of the
recent visit of the Chief Executive TDAP,
Tariq Puri, to Japan in July this year for
positioning of Pakistani products in
Japan.
Secretary TDAP invited the
Japanese investors for setting up VHT
processing plant under public-private
partnership mode for export of mangoes
to Japan.
Ministry of Commerce
working for 72 items export
to EU
The Ministry of Commerce is
taking steps to get approval for the export
of 72 items to European Union and
getting GSP Plus status for Pakistan.
EXPORT NEWS 15 to 17/2011
18
This was stated by the Secretary
Commerce Zafar Mahmood while talking
to prominent exporters and
representatives of various trade bodies
relating to textile and clothing, agro
food, leather, mines and minerals, gems
and jewellery, information technology,
services sector etc. at Trade
Development Authority of Pakistan
(TDAP). Chief Executive TDAP Tariq
Iqbal Puri was also present in the
stakeholders‟ meeting which discussed
measures to form the strategy for setting
exports targets for financial year 2011-
12 and for removal of bottlenecks facing
exporters.
The Secretary Commerce
suggested to the exporters to get
leverage from trade with India.
Exporters were advised that they should
give more focus on value addition of
their products for fetching good export
prices of their products. Ministry of
Commerce and TDAP, through the trade
officers, will market their value-added
products, he added.
Secretary Commerce and CE
TDAP assured that effective inter-
ministerial coordination will be ensured
to resolve issues hampering exports,
especially with Federal Board of
Revenue (FBR).
Secretary Commerce and CE
TDAP said they would also hold meeting
with Chief Secretary Sindh for resolving
the matters affecting export of fisheries
sector.
They said that special focus shall
be given to non-traditional sectors like
marble and granite, petroleum and its
products, gems and jewellery and
services sector, especially the
information and technology and
engineering consulting services. They
said that Ministry of Commerce and
TDAP would continue to provide enabling
environment for the exporter community
to further boost exports. Mr. Tariq Puri
stressed on the business community that
they should focus more on regional
markets especially in China, Japan,
Vietnam, Malaysia and Indonesia. He
said that TDAP was fast-tracking the
Dazzle Park at Karachi near the airport
for boosting the export of gems and
jewellery sector.
The representatives of trade
bodies were optimistic that efforts being
made by Ministry of Commerce and
TDAP will indeed ensure the momentum
going for increase in exports.
They were of the view that
country‟s exports will see an increase of
10 % in the overall export value during
FY 2011-12.
Bilateral Trade with China
Touches $ 8.6 billion
Pakistan has conveyed to India
that the latter should not object the
European Union's (EO) trade concession
to the former at the World Trade
Organization (WTO) as the facility of $ 2-
3 million worth of trade in the global
market will not affect the huge economy
of Dehli.
As a positive gesture, the
neighboring country should take back its
reservation, based on traditional
animosity, to encourage outgoing talks
and negotiations on various issues
between the two countries. These views
were expressed by Trade Development
Authority of Pakistan (TDAP) Chief
EXPORT NEWS 15 to 17/2011
19
Executive Mr. Tariq Iqbal Puri, during an
exclusive interview with Pakistan
recently.
TDAP has already forwarded a
summary related to an agreement and
understanding with its Counterpart in
India, to the cabinet for approval he
added. Besides, the authority would also
attend some fairs and shows in India to
explore new markets for Pakistani
products.
Talking about various Pak-China
business forums and fairs held in China
so far, Mr. Puri said, different Chinese
firms, especially related to mines and
mineral and corporate agriculture and
farming sectors have expressed interest
in sharing their expertise and
technological assistance in the
respective fields in Pakistan. The latest
machines and technology, used in the
Chinese agricultural and mineral sector
are amazing, according to Mr. Puri the
transfer of such technology and
expertise would drastically improve the
qualitative production in the mentions
sectors. While celebrating the 60th Sino-
Pak friendship this year, TDAP and its
counterpart in the foreign country, China
Council for Promotion of International
Trade (CCPIT) are actively holding
various business forums and trade fairs
in different provinces.
“Though we have tried to obtain
a greater market share in western
countries during the last 60 years, we
had never explored the trade potential in
various parts of the neighboring
country," he said, adding that the
Chinese government always
encourages its public as well as private
sector to actively participate in projects
in Pakistan. According to Mr. Puri,
China's, public and private sectors were
currently involved in over 250 projects in
Pakistan ranging from mega to minor and
from strategic to ordinary businesses.
The bilateral trade level, he said, has also
touched $ 8.6 billion in 2010, displaying a
growth of 28 per cent. Pakistan's exports
exceeded $ 1.7 billon showing a growth
of 37 per cent.
In the recently held 4th South
Asia Trade Fair jointly opened by the
Governor of the Yunnan Province,
Chinese visitors visited Pakistani stalls
and appreciated the quality of products
displayed.
The visitors greatly appreciated
Pakistani products especially those in
furniture, Leather, Textiles, Carpets,
Jewellery, Kitchen wear, Brass and
Herbal products, he added.
In reply to a query whether
Pakistan was at a disadvantage position
under the existing Pak China free trade
agreement (FTA), he said “China is such
a huge market that the balance of trade
will ultimately favour it but Pakistan‟s
share of trade is also on the rise. ”Talking
about the proposed amendments in the
FTA, he said, the Ministry of Commerce
has constituted a committee under his
chairmanship with the mandate to
interact and consult with stake holders in
order to develop a comprehensive
negotiation strategy for the Phase II of
the Pak – China FTA, while output from
all concerned stake holders so far is
being obtained to tilt the agreement with
greater favour for Pakistan. According to
Mr. Puri, the formulation of a
comprehensive negotiating strategy
entails a two pronged approach i.e. an
offensive aspect, wherein a part of the
strategy shall focus on enhancing the
EXPORT NEWS 15 to 17/2011
20
level of market access of Pakistani
exports to China, and a “defensive
component, wherein sectors and
products would be identified with a view
to enhance the level of market access of
Chinese exports to Pakistan. To another
question about whether the export target
of the country during 2011-12 would be
reduced due to the expected decline in
cotton prices internationally, he said that
the country was expected to fetch
around $ 27 billion and the target for the
current year would be fixed accordingly.
He also hoped that the country
would register export figure around $ 25
billions till completing the final report of
the last financial year. He said that a
proposal prepared by TDAP regarding
the forthcoming trade policy has already
been forwarded to the Ministry of
Commerce. To another question, the
TDAP, CE said that the large number of
Chinese companies would display their
products in the Expo Pakistan while
foreign firms and buyers from India,
Russia, France, Iran, Japan and other
countries from Europe Asia and Africa
would also attend the important event.
As the Chinese government had already
facilitated Pakistani exporters and
traders in over 20 trade related events in
Beijing, Islamabad, reciprocating
Chinese facilitation, would also provide
full support and space for companies of
the neighboring countries. In reply to a
query, Mr. Puri said, the work on 12
important projects announced for
promotion of trade in the county would
soon get started, besides arrangements
of foreign investment and third party
validation. Furthermore, he said, TDAP
had also focused on the eastern part of
the world, especially China, Russia and
central Asian states which had been
neglected for more than 60 years.
Frequent exchange of visits of head of
states from these countries and other
trade delegation were part of the new
initiatives, he added.
Spain Super Store giant to
open buying office
Trade Development Authority of
Pakistan (TDAP) has been successful in
attracting the EI. Corte Ingles Group, the
leading super store of Europe and world's
fourth largest, based, in Spain to open a
buying office in Pakistan.
El Corte Ingles is interested in
increasing its volume of buying and
product range from Pakistan. The
opening of the office in Pakistan is also
the beginning of better opportunities for
Pakistani exports to Spain. The office will
also be responsible for introducing new
sourcing partners and products from
Pakistan. According to Director
(Sourcing) of EI Corte, export orders from
Pakistan, since their maiden visit to
Pakistan in February 2011 visit, have
already exceeded Euro 1.0 million.
Mr. Puri, Chief Executive TDAP
expressed his confidence that these
export orders were manifestation of
TDAP's aggressive marketing campaign
and TDAP would continue to strive for
creating business opportunities for
Pakistani exporters to keep the
increasing trend in exports going.
Opening of EI Corte office in
Pakistan is a result of an initiative taken
by Pakistan's Commercial Counsellor,
Embassy of Pakistan and keen efforts of
Pakistan's Honorary Investment
Counselor in Spain. TDAP had
sponsored and organized a 20-member
EXPORT NEWS 15 to 17/2011
21
El Corte delegation's visit to Pakistan in
February this year, for analyzing the
potential of Pakistan as a reliable
sourcing hub. Mr. Borja de la Cierva,
Director/Head of International Supply
Chain led the delegation. They held B2B
meetings with 272 different Pakistani
companies in Lahore, Sialkot,
Faisalabad and Karachi and visited 59
selective production facilities in these
cities.
As a result of these extensive
interactions, El Corte has inked an
agreement with Firoz International, a
Pakistani company, to operate its buying
offices in Karachi and Lahore. The
Pakistani Commercial Counsellor in
Madrid played a pivotal role in
materialization of this agreement, which
could not have been possible without
persistent follow up by TDAP. It's a big
achievement as currently EI Corte
operates its procurement wing of South
Asia from India and soon they will start
procuring from Pakistan and all future
orders will be exclusively executed
through Pakistan.
EI Corte has an annual turnover
of over US$ 25 billion and is a trusted
name in quality of products and services
in European market. It has more than
400 Stores under the brand names of El
Corte Ingles; Hipercor; Supercor;
Opencor etc. El Corte Ingles annual
imports is more than US$ 12 billion and
80 percent of its imports are from Asia.
FAIRS &
EXHIBITIONS
9th International Trade Fair
at Lome, Togo
9th International Trade Fair at
Lome, Togo will be held from 25th
November ~ 12th December 2011.
For further information interested
Pakistani parties may contact on the
following Number:-
Tel: 00228-2264031 / 2350727
Fax: 00228-2261754
E-mail: ceteflome@cetef.tg
URL: www.cetef.tg
20th International Trade Fair
of Dakar (FIDAK)
20th International Trade Fair of
Dakar (FIDAK) will be held from 01st ~ 12th
December 2011 at Dakar International
Exhibition Center (CICES).
The event will be suitable for
office equipment and office supplies,
Leather goods, Auto spare parts, Musical
instruments, surgical instruments,
Surgical equipments, Cosmetics,
Jewelry, and related items, Furniture,
Medicine pharmacy, Rice and Agricultural
products, IT, Fashion and Textiles,
Building and civil works, house hold
appliances and Arts & Crafts.
For further information interested
Pakistani parties may contact on the
following address:-
Centre International Du Commerce
Exterieur Du Senegal (CICES)
BP: 8166
EXPORT NEWS 15 to 17/2011
22
Dakar – Yoff Senegal
Tel: +221-338272530, 338273465
Fax: +221-338275275-78
E-mail: dec@cicesfidak.com
URL: www.cicesfidak.com
Africa Export and Import
Fair 2011
Islamic Consumer Fair & Gelar
KUKM 2011 will be held from 15th ~ 18th
December 2011 in the Exhibition Hall
Tower SME / SMESCO, Japan, Gatot
Subroto - Jakarta.
The event will be suitable for
Islamic products and services.
For further information interested
Pakistani parties may contact on the
following address:-
M/s. PT Wirausaha Melayu Mandiri
Achmad Zaki
President Director
Mt. Haryono Square
JI. MT. Haryono, Kav. 10
Lt. 2 # 2,
Jakarta – Timur
Tel/Fax: 021-29067182,
E-mail: info@wiramandiri.com
URL: www.wiramandiri.com
EXPORT NEWS 15 to 17/2011
16
G over nment of P akis tan
Mini str y of C omm er ce
********
N o . 2 ( 1 ) 2 0 0 6 - E I I I s la ma b a d , t h e 7 t h J u ly , 2 0 1 1
N O T I F I C A T I O N
SU BJ E CT : RE CON S TITU TION OF F E DE RA L E X P OR T DE V E L OP M E N T A N D P R OM OTION
B OA R D
The Prime Minister is pleased to re-constitute the Federal Export
Development & Promotion Board (FEDPB) as under with the immediate effect and
until further orders: -
1. Prime Minister Chairman
2. Minister for Commerce Member
3. Minister for Finance Member
4. Minister for Industries Member
5. Minister for Textile Member
6. Minister for Agriculture Member
7. Minister for Investment Member
8. Chief Minister Punjab Member
9. Chief Minister Sindh Member
10. Chief Minister Khyber Pakhtunkha Member
11. Chief Minister Baluchistan Member
12. Chief Minister Gilgit Baltistan Member
13. Prime Minister Azad Jammu & Kashmir Member
14. Governor, State Bank of Pakistan Member
15. Deputy Chairman, Planning Commission Member
16. Chief Executive, TDAP Member
17. Secretary Commerce Member / Secretary
18. Secretary Finance Member
19. Chairman, Federal Board of Revenue Member
20. President, Federation of Pakistan Chambers of Commerce & Industry Member
21. Chairman, National Assembly Standing - Committee on Commerce Member
22. Chairman, Senate Standing Committee on Commerce Member
23. President, Karachi Chamber of Commerce & Industry Member
24. President, Lahore Chamber of Commerce & Industry Member
25. President, Khyber Pakhtunkha Chamber of Commerce & Industry Member
26. President, Baluchistan Chamber of Commerce & Industry Member
2. The Terms of References of the Board are:-
(i) To periodically review the country's export performance
(ii) To examine all important matters relating to export promotion and to
consider ways & means of improving export performance; and
EXPORT NEWS 15 to 17/2011
17
(iii) To consider long-term plans and projections for the growth of export
and to approve policy measures necessary for achieving exports
targets.
3. Ministry of Commerce would serve as the Secretariat to the Federal Export
Development and Promotion Board.
4. This supersedes this Ministry's Notification No. 2(1)/2006- Tex dated 22nd
December, 2008.
(Adnan Younis Lodhi)
Section Officer (TP)
R E V I E W O F R U S S I A N M E A T M A R K E T
he financial crisis has
negatively impacted
upon consumer habits of Russians.
Through the last months of 2010
household budgets got fairly
exhausted, and that compelled
many' consumers to abandon their
expensive habits and immoderacy
including purchase of unnecessary
food items. Meat and meat
products, especially expensive
kinds are gradually disappearing
from Russians' diets. Moreover,
current situation affects the whole
food industry along with the
consumers. Anyway, decline of
mass production of meat delicacies
in Russia, for instance of summer
sausage, is quite a probable.
To a great extent industry's
problems are determined by high
import-dependence of Russian
meat-processing facilities-through
the recent year imported meat was
rather cheap and thus provided
extra advantages to
manufacturers. Meat products made
from domestic meat are quite a rarity
on shop shelves; moreover, significant
part of raw meat retail offer is provided
by import.
Considering pessimistic
scenarios of the market's future
performance, Russian politicians and
economists keep highlighting necessity
of reduction of import volumes.
According to experts, general meat
import volume this year is forecasted
to decline from 30 to 25% of the
previous year's import market volume.
Some import decline is indeed
observed, but it's basically determined
by the crisis. According to market
analysts in Russia, through the first
half of 2010 total import volume of
chilled and frozen meat of all kinds to
Russia reduced by 23.8% against the
same period of previous year to make
585 thousand tons. Statistics of
Federal Customs Service is slightly
difference: decline by 28% with
T
EXPORT NEWS 15 to 17/2011
18
current volume of 513.5 thousand
tons. Meanwhile according to
"Academy Service's" estimations,
in the first half of 2010 beef import
volume constituted 239.8 thousand
tons, which was by 20% less
against the same time of the
previous year. Nevertheless, on
the background of growing dollar
beef prices increased
approximately by 25%.
However, brief analysis of
domestic beef production reveals
no obvious import-dependence.
Indeed, statistics showed 1.75
million tons of domestically
produced beef in 2008 with import
volume a little below 800 thousand
tons. This ratio looks not so bad, at
least not drastic. Still, there are
many flattering ways of data
analysis and presentation so this
should be kept in mind.
Traditionally Russian
statistics uses the so-called
"slaughter weight", i.e. the weight
of meat with bones, while imported
beef is always boneless. Besides,
domestic raw meat fails to satisfy
requirements of meat-processing
plants in the key parameters,
quality, slaughter, and carving. On
boneless basis domestic beef
production in Russia accounted in
2008 for about 1100 thousand tons
where “processable” beef*and
high-quality raw meat* constituted
just 400 thousand tons and 62.2
thousand tons respectively.
Noteworthy that beef import
in Russia is under quotas
introduced to protect domestic
manufacturers. Currently quota
accounts for 450 thousand tons
annually. However in practice this
import volume isn't sufficient to satisfy
domestic demand. Only in 2010 actual
import volume exceeded quota by two
times: according to “Acadmic
Service”s” estimations beef import
volume constituted 768.09 thousand
tons. And despite the crisis, increase if
import prices, significant fluctuations of
currencies' exchange rates, and some.
decline of import volume in early 2009,
this year import quota is very likely to
be exceeded again.
No significant changes in import
structure were registered: Latin
American countries are still the
strongest market players, and share of
the leader, Brazil even increased a
little to make 59% of the total import
value.
And still, why Russian meat
market -beef segment in particular -
remains highly import-dependent?
Indeed, on the one hand the crisis
reduced the demand and on the other
consumers should get more interested
in domestic products as local
manufacturers are willingly offer better
prices than importers. Besides,
conditions for meat farming in Russia
are very advantageous thus meat
farming turns out to be easier and
more profitable than dairy-farming.
Moreover, Russian manufacturers have
every possibility to offer consumers not
only frozen, but also chilled meat.
Meanwhile for obvious reasons, in
2010, share of chilled beef constituted
only 3% of total beef import value.
A number of experts think that
Russian beef manufacturers can
benefit from current decline of import.
EXPORT NEWS 15 to 17/2011
19
It is expected that in the wake of
financial crisis, the Russian
consumers would turn to local
products, choice of which requires
spending of fewer rubles. However,
to win back consumer the import
market should provide both
sufficient quantity of product and
proper quality level with a better
price.
Meanwhile, the crisis
creates opportunities along with
challenges. One should remember
that development requires serious
investments however payback
during the crisis is usually delayed.
Currently many investors have
suspended their projects due to
high bank loan rates; besides,
agriculture has has never been
investors' darling. Thus
establishment of well-run domestic
beef production might require at least a
decade.
Today a great depends on
government policies this year the
government allotted 4.5 billion rubles
for support of domestic beef
production; 3 billion rubles in this
amount are meant for regional support
programmes financing of which is to be
shared with regional authorities.
However, efficiency and timing of funds
distribution in many cases is too low.
Meanwhile the stock of meant cattle
has reduced almost by three times
during the last 10 years.
Besides meat-processing plants
prefer to work with standardized and
predictable import supplies and rarely
trust domestic manufacturers. Again,
foreign suppliers turn out to have all
competitive advantages.
Source:
Embassy of Pakistan
Trade Office
Moscow
EU AND PAKISTAN TRADE RELATIONS
EXPORT NEWS 15 to 17/2011
23
mong the EU
Countries,
consumption per
capita in July was the
highest followed by Belgium and
Germany. Consumption of woven
outwear was lower Spain than
EU average Consumption.
2. In 2008, the share of the
total value of women's woven
outerwear sales in the major EU
countries exceeded 50 percent,
making it a leading sector in EU
market. Market shares for woven
outerwear in 2008 were trousers
and shorts 35 percent, dresses 9
percent, Skirts 5 percent indoor
jackets 5 percent and, other
products 15 percent.
3. Trade with European
Union is clearly in Pakistan's
favor. There is however scope
for more mutually benef icial
commercial act ivit ies.
4. Under EU offer, $1 bil l ion
worth of home-text i le exports to
EU were excluded from
concession f rom Pakistan while
mostly duty free import of text i le
raw material was allowed. As a
result local value-added sector
strongly opposed EU offer,
saying it would only encourage
export of raw material from the
country result ing in high input
cost for local industry.
5. Increasing trade with its
main partners and with the EU,
is part of Pakistan's economic
revival agenda. Texti le and
clothing is an important sector
for EU- Pakistan trade relat ions
6. The European Union remains
Pakistan's largest trading partner
receiving 27.40/0 of Pakistan's
exports and providing 17% of its
total import. The overall volume of
trade between the EU and Pakistan
was worth euro 5.06 bil l ion in
the year 2002 with a trade surplus
of euro 765 million in Pakistan's
favour.
7. Pakistan trade with the EU is
mainly composed of text i les, which
account for over 60% of the total
Pakistani exports to the EU,
followed by leather products, which
account for l3% of the total
Pakistani exports.
8. The EC and Pakistan also
cooperate in WTO multi lateral
trade negotiat ions and key aspects
of the DDA. These include among
others special and dif ferential
treatment provision including a
package of results with real value-
added for developing countries
after the Cancun ministerial
conference, implementation of
developed countries commitments
in the f ield of trade related
technical assistance, as an
important underpinning of the DDA
negotiat ions and their
implementation and specif ic sect
oral negotiations such as in
services and non-agricultural
(industrial) products, where WTO
should seek ambit ions tariff
reductions in, sectors of key export
interest to developing countries.
Conclusion:
A
EXPORT NEWS 15 to 17/2011
24
9. The trade relat ions
between EU and Pakistan play
an act ive role in the world. By
some estimates, Pakistan has an
immediate requirement for up to
$20 bil l ion in infrastructure
development that could provide
good opportunit ies for EU
exporters and investors. A major
privatizat ion effort in the
telecommunications al1d
f inancial sectors should offers
addit ional markets for EU
producers and investors, Today,
foreign investment by the UK,
followed by the Netherlands and
' Germany. The trade development
and the promotion of business and
inst itut ional l inks represent about
10% of the EC's development
budget for, Pakistan.
10. Due to the instabil i ty in
relat ionship .between Pakistan and
USA, we have to make
a deep focus on EU Market for
stabling our self .
Value in ‘Million’
Dollar
S.NO Regions/Countries July-
June
July-
June
Change
2009-
10
2008-
09
VALUE %
1 E.U. COUNTRIES 4599.95 4412,43 187.52 4.25
2. AUSTRIA 16.67 15.23 1.44 9.46
3. BELGIUM 430.40 392.98 37.42 9.53
4. BULGERIA 11.51 10.88 (0,63) 5.79
5. CHECH REPUBLIC 16.30 16.19 0.11 0.68
6. FINLAND 42.67 45.54 (2.87) (6.31)
7. FRANCE 319.05 313.59 5.46 1.74
8. GERMANY 792.94 737.99 54.95 7.45
9. IRISH REPUBLIC 50.01 39.22 10.79 27.51
10. ITALY 605.81 579.75 26.06 4.50
11. LATVIA 5.23 5.04 0.19 3.77
12. LITHUANIA 23.89 23.89 - 0.00
13. LUXEMBOURG 0.25 0.09 0.16 177.78
14. ROMANIA 23.75 20.47 3.28 16.02
15. SLOVENIA 3.64 2.83 0.81 28.62
16. SPAIN 434.25 404.50 29.75 7.35
17. UNITED KINGDOM 1027.68 874.59 153.09 17.50
Source: Federal Bureau of Statistics
EXPORT NEWS 15 to 17/2011
21
P R O C E D U R E F O R ‘ E X P O R T N E W S ’ S U B S C R I P T I O N F O R N E W S U B S C R I B E R S
The Export News as you may have noticed is now not only promptly
and regularly issued each week, but its contents are updated and are
relevant to the needs of our exporting stakeholders.
The Export News is available on TDAP’s Webportal www.tdap.gov.pk,
a hard copy can be obtained on annual subscription.
A request for 52 issues of EN can be made on company letter head,
addressed to Director Communication, along with a pay order / bank draft of Rs. 500/- (Rupees Five Hundred only) in favour of Account Officer EMDF, Trade Development Authority of Pakistan, Karachi.
EXPORT NEWS 15 to 17/2011
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COUNTRY / FIRM TEL/FAX/E-MAIL PRODUCTS / ITEMS
GREECE
M/s George Kouderis, 4 Kalapothaki str. 54624 Thessaloniki,
S ourc e : E m bassy of P ak i s tan
A th ens
Tel: 30(2310) 334440
Fax:30(2310) 334441
E-Mail:
cosmodor@otenet.gr
Natural Salt
NEPAL
M/s Universal Trade Link, 72, Phaichasal, Jhochhen Tole, Kathmandu,
S ourc e : H igh C om m iss ion fo r
P ak i s tan Kath m and u
Tel: 97714248860,
4251860
Fax: 9771 4248394
E-Mail:
shiva@uni.wlink.com.np
Vaccine (Human Live Saving)
Medicine Sugar Manufacturer
BANGLADESH
Salimuzzaman Johnny, Chief Executive Officer (CEO) M/s. Shiny Trade International 62/1, Purana Paltan (2nd Floor) Motijheel C/A, Dhaka-1000
S ourc e : H igh C om m iss ion fo r
P ak i s tan D h ak a
Tel/Fax: +88-2-9570201
Cell: +88-0171-3000712
E-mail:
shiny.2021@gmail.com
All type of Rexene, Pvc Leather Cloth
The enquiries included in this Bulletin are received directly from foreign individual importers or through Pakistan’s Trade Offices / Embassies abroad. While
every effort is made to ensure that the information given in this bulletin is accurate, no legal responsibility is accepted for any inaccuracy or omission. Parties are
introduced without any responsibility or prejudice on part of the Authority regarding their standing or status.
EXPORT NEWS 15 to 17/2011
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Dear Reader,
The Prime objective of Export News is to help you maximize your export by providing updated information
about export related issues. Although we make every effort to provide the best possible service, we are
sure that there is room for improvement. In this regard we need your feedback and would truly appreciate
if you could take a few minutes out of your busy schedule to fill in the following and fax it back to me. We
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