{"id":66517,"date":"2024-03-02T10:42:02","date_gmt":"2024-03-02T10:42:02","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/president-fpcci-for-tapping-d-8-markets-to-enhance-exports-daily-times\/"},"modified":"2024-03-02T10:42:02","modified_gmt":"2024-03-02T10:42:02","slug":"president-fpcci-for-tapping-d-8-markets-to-enhance-exports-daily-times","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/president-fpcci-for-tapping-d-8-markets-to-enhance-exports-daily-times\/","title":{"rendered":"President FPCCI for tapping D-8 markets to enhance exports – Daily Times"},"content":{"rendered":"
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\"\"KARACHI: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Sheikh, stressed on tapping into the export market of D-8 countries for enhancing exports and to correct Pakistan\u2019s regional trade deficit.<\/p>\n

President FPCCI expressed the views while representing Pakistan in the all-influential General Assembly meeting of the D-8 Chambers of Commerce and Industry (D-8 CCI) that was also attended by Iran, Turkiye, Egypt, Indonesia, Bangladesh and Nigeria, said a statement received here on Friday.<\/p>\n

Atif Ikram Sheikh expressed his vision that Pakistan must tap into the export market of D-8 countries with a combined GDP of $4.92 billion as tapping into these markets has the potential to correct Pakistan\u2019s regional trade deficit for a number of reasons.<\/p>\n

Pakistan has friendly ties with the D-8 members, along with geographical contiguity or land-based access with some member countries while land-based routes could also be used for transshipment to D-8 countries, he said adding that shipment to these countries takes lesser time and costs, he said adding that with intra D-8 trade at merely 5 percent, there are low-hanging fruits to be grabbed in a short-span of time.<\/p>\n

FPCCI Chief informed that General Assembly meeting of D-8 CCI discussed in detail road map and strategy for intra-alliance trade promotion, plan of activities for next three years, arbitration system, D-8 Preferential Trade Agreement (D-8 PTA), visa-related issues, transportation costs, value chain economic fruits, regional connectivity, currency swap agreement, barter trade and D-8 Halal Exposition in Indonesia.<\/p>\n

Atif Sheikh noted that the D-8 bloc represents more than 5 percent of global GDP; which makes the alliance a significant one for the D-8 countries in particular and the entire region in general. He explained that Pakistan could enhance its exports by $5-10 billion within 2-3 years only by capturing the D-8 market in value-added textiles, IT and ITeS services, sports goods, rice, fruits and vegetables, surgical equipment, pharmaceuticals and construction materials.<\/p>\n

D-8 countries have a cumulative population of more than 1.1 billion and Preferential Trade Agreement can usher a wave of economic prosperity, investments and joint ventures, industrial collaborations, tourism and hospitality boost, establishment of cost-controlled trade routes and a collective voice in economic affairs at other international forums, FPCCI chief asserted.<\/p>\n

\n<\/div>\n","protected":false},"excerpt":{"rendered":"

KARACHI: President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Atif Ikram Sheikh, stressed on tapping into the export market of D-8 countries for enhancing exports and to correct Pakistan\u2019s regional trade deficit. President FPCCI expressed the views while representing Pakistan in the all-influential General Assembly meeting of the D-8 Chambers of Commerce and […]<\/p>\n","protected":false},"author":2,"featured_media":66518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/dailytimes.com.pk\/assets\/uploads\/2024\/03\/01-46.jpg","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-66517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-updates-news"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t