Establishing by-product industries for China: government to provide financial support to rice exporters

In a move to capture larger share from China's global import, the government is all set to provide financial assistance to the exporters especially rice exporters for establishing by-product industries in Pakistan for China, said top official of Trade Development Authority of Pakistan (TDAP) on Thursday.
"The government is striving to take every possible measure to increase the volume of Pakistan's exports to China," said Tariq Puri Chief Executive of TDAP while talking to Business Recorder. He said the TDAP was contemplating several proposals including the provision of financial assistance or to be an equity partner of the exporters in their by-product industries. For the purpose, the TDAP is going to invite the exporters especially rice exporters to finalise the modalities in this connection.
He said the country's export was progressing as the cumulative value of exports for the period July-December, 2010 was US $11.010 billion as against US $9.099 billion, registered a growth of 21 percent over the same period last year.
Puri said the authority had faced event management issues in past but now they were trying to revamp the same to facilitate the stakeholders in a better way. He said the authority concerned declared 2011 as export year and hoped that the country would cross a benchmark of US $20 billion in export by May 2011.
Although the China's global import mainly depends on raw material, the authority is striving to export value added products especially home textile goods to China. Therefore, the TDAP is planning to organise 20 exhibitions in China to provide an opportunity to the Chinese importers to explore Pakistani markets, he said.
He was also very optimistic about TDAP's newly launched web portal, saying that the web portal, which had recently been incorporated with directories of exporters and importers, would play vital role in escalating country's export by 15 to 20 percent in coming days. Moreover, he said the web portal would also provide an interactive platform to the exporters mainly from textiles, made-ups, leather, marine products, minerals, marble/granite, chemicals, and food sector to improve bilateral trade. The TDAP would also launch new initiatives of mutual co-operation for the development of bilateral trade and investment in export related sectors in 2011, he maintained.