Strategy to Promote and Facilitate Trade Through Khunjrab Pass Presented by: Nazir Ali 1 Sequence of the Presentation Introduction Evolution of Trade Through Khunjrab Pass Current Status of Trade Hurdles during regular trade Impact of
Related Topics
Share
Embed code
Download this presentation From Below
"Strategy to Promote and Facilitate Trade Through" is the property of its rightful owner. Permission is granted to
download and print the materials on this website for personal, non-commercial use only, and to display it
on your personal computer provided you do not modify the materials and that you retain all copyright
notices contained in the materials. By downloading content from our website, you accept the terms of this
agreement.
Presentation Transcript
01
Strategy to Promote and Facilitate Trade Through Khunjrab Pass Presented by:
Nazir Ali 1<br>
02
Sequence of the Presentation Introduction
Evolution of Trade Through Khunjrab Pass
Current Status of Trade
Hurdles during regular trade
Impact of Covid-19 on Trade through khunjrab pass
Recommendations
Conclusion 2<br>
03
Introduction 3 Located in the Karakoram Mountains
Enjoys Strategic Position
Lies on the Strategic Karakuram Highway
Elevation:15,528ft above the sea level<br>
04
Evolution of Trade through Khunjrab Pass 1963 the historic year: First Pak-China Trade Agreement
KKH was fully opened for civilian traffic in 1978
Both govs used to regulate nature of exchanges of goods
The volume of trade never increased in the following years.
Major Exports and imports
World Bank report(2011) :Diversification of exports by China
40% of these goods are destined for Consumption and retail sale in GB.
Pakistani exports to China have little impact on the Economy of GB 4<br>
05
Current Status of Trade Border remains closed from November 30 till March 31
Covid 19 led to further closet
Only Five stranded containers were allowed to pass through Khunjrab Pass
local traders are demanding opening of border
Reluctance on Chinese side owing to continuing Covid 19 Threat. 5<br>
06
Hurdles and Issues During Regular Teade No trade Agreement btw GB gov and gov of China
standardization issue
Strict Quarantine laws on side of China
Damages during inspection
Low quality of printing and packaging
Transportation issues
Same Customs Duty imports through dry port and imports through se 6<br>
07
7 Recommendations
Revise of Pak-China Border Agreement
Negotiation with Chinese Authorities for Permitting Exports via khnjrb Pass as per FTA
Chinese Gov must allow Pakistani Teucks to enter China on reciprocal basis
Opening a consulate/visa office in Gilgit
Existing Tax Regime needs to be revised<br>
08
Recommendations Usage of Khunjrab Pass as a Transit
China can Provide us transit in reaching to markets of Central Asian States.
The Khunjrab Pass Trabsit Trade Agreement can be signed under the umbrella of CPEC
Customs, FIA, NLC Offices may be established at different transit points
Women Entrepreneurs from GB may also be included in this kind of transit trade.
Developing an infustry and trade boosting programme to gain from the Khunjrab Pass.
Pak and China can align Khunjrab Pass Transit Agreement to use as Highway Diplomacy 8<br>
09
Conclusion 9 Comprative Advantage as well as absolutr Advantage of GB in production of fresh and dry fruits
Availability of herbs, mineral
Large scope of Value addition
Role of Gov of Pakistab in facilitating the local border traders is minimal
Facilitatiing trade by providing International Market Access
Financial Incentives
Local traders should be given awareness bout updated International markets<br>
