Subsidized Indian rice is hurting Pakistan’s exports, and the government should file a complaint with the World Trade Organization (WTO) against New Delhi for “endangering international food security in violation of its regulations,” according to a spokesman of local rice traders.
Read: KP to become a Digital Province with the help of a government company
Between July 2020 and May 2021 (11MFY21), Pakistan rice exports, both Basmati and coarse kinds, are 14% lower than the previous year. Pakistan has so far exported 3.3 million tonnes of rice in 11MFY21, down from 3.87 million tonnes in the same period last year.
Other issues impacting Pakistan’s rice exports include high freight charges and substantial stockpiles accessible with destination countries, which were imported during panic buying in response to wave after wave of coronavirus pandemics, according to Mr Paracha.
Read: $340m WB loan for modernizing Sindh’s irrigation infrastructure
He requested that the government bring the problem of India flooding foreign markets with subsidized exports, putting international food security in jeopardy, to the WTO as soon as possible.
Please contact Sky Marketing for further assistance.
