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‘Only rich can afford it’: China imports Pakistani pine nuts worth $17.67 million

by Web Desk
April 20, 2022
in Business, Economy
0
'Only rich can afford it': China imports Pakistani pine nuts worth $17.67 million
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China has imported Pakistani pine nuts in the first two months of this year touching a historical figure of US $17.67 million, according to General Administration of Customs of the People’s Republic of China (GACC).

In the first two months of 2022, China imported 1,606.51 tons of Pakistani pine nuts worth $17.67 million and was one of the main destinations for pine nuts imported from Pakistan. Overall, China has imported pine nuts worth $42.35 million of which 42% has been imported from Pakistan.

Abdullah Afridi, a China-based Pakistani pine nuts trader, told China Economic Net that Pakistani pine nuts are very popular in China because of their good taste and mainstream e-commerce platforms’ being helpful in boosting Pakistani pine nuts sales.

“Under the second phase of the China-Pakistan Free Trade Agreement, Pakistani and Chinese traders can export their pine nuts to China at zero tariffs, which helped enhance the exports before the tariff for pine nuts used to stand at 36%,” he stated.

Tags: Chinalatestpine nuts
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