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Opportunities for Agricultural Trade in the Context of the China-Pakistan Economic Corridor

Author

Listed:
  • Muhammad Aamir Shahzad
  • Amar Razzaq
  • Muhammad Aslam
  • Muhammad Faisal Gulzar
  • Muhammad Asad ur Rehman Naseer
  • Nimra Nisar

Abstract

The CPEC provides new avenues for agricultural trade between Pakistan and China. In this context, this study aims to explore the opportunities for trade between Pakistan, China, and the Central Asian States. To this end, the study analyzed the structure of agricultural exports and imports of Pakistan with China and the Central Asian States. China¡¯s share in the production of agricultural commodities is dominant in the world. China¡¯s per acre yield of pulses has the highest position in the world. The structure of Pakistan imports revealed that Pakistan spends billions of rupees on the imports of agricultural commodities. China¡¯s import structure revealed that it spends billions of dollars on the imports of maize, wheat, rice, horticultural fruits, and vegetables. The Central Asian states also import wheat, meat products, agricultural inputs, and horticultural commodities from neighboring countries. The export/import volume of China with the Central Asian states has an almost equal share. However, the results indicate that there is a large gap between China and Pakistan¡¯s export and import shares. China has a higher share of imports while Pakistan has low export share with China. The study recommends to the policymakers that the volume of export should be increased with China as well as the Central Asian states.

Suggested Citation

  • Muhammad Aamir Shahzad & Amar Razzaq & Muhammad Aslam & Muhammad Faisal Gulzar & Muhammad Asad ur Rehman Naseer & Nimra Nisar, 2019. "Opportunities for Agricultural Trade in the Context of the China-Pakistan Economic Corridor," Business and Economic Research, Macrothink Institute, vol. 9(1), pages 263-282, March.
    • Handle: RePEc:mth:ber888:v:9:y:2019:i:1:p:263-282
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    References listed on IDEAS

    as
    1. Ram, Rati, 1987. "Exports and Economic Growth in Developing Countries: Evidence from Time-Series and Cross-Section Data," Economic Development and Cultural Change, University of Chicago Press, vol. 36(1), pages 51-72, October.
    2. Feder, Gershon, 1983. "On exports and economic growth," Journal of Development Economics, Elsevier, vol. 12(1-2), pages 59-73.
    3. Balassa, Bela, 1985. "Exports, policy choices, and economic growth in developing countries after the 1973 oil shock," Journal of Development Economics, Elsevier, vol. 18(1), pages 23-35.
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    Cited by:

    1. Usama Haroon & Muhammad Hassan Chaudhary & Muhammad Aamir Shahzad & Muhammad Adnan Khan & Nimra Nisar, 2020. "Vegetable Prices Possess Seasonal Volatility: A Case Study of Lahore, Punjab, Pakistan," Journal of Economic Impact, Science Impact Publishers, vol. 2(2), pages 62-71.
    2. Unbreen Qayyum & Neelum Nigar, 2020. "An Empirical Analysis of Pakistan's Agriculture Trade with China: Complementarity or Competition?," PIDE-Working Papers 2020:23, Pakistan Institute of Development Economics.

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    More about this item

    Keywords

    Agricultural trade; CPEC; China; Pakistan; Central Asian states;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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