Islamabad: The Adviser to the Prime Minister on Commerce and Investment, Mr. Abdul Razak Dawood said that government has fully implemented the trade diversification policy, on Sunday. The implementation has increase the Pakistan’s product and geographical exports in the global market.
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The government’s Trade Diversification Policy’ main objective is to introduce new trade products of a country’s exports. They also intended to create new non-traditional markets at global and regional level to increase domestic exports. Pakistan exports have depended on the traditional markets of ten countries, and local textiles have relied on only five markets for the last seventy years. These markets includes the United States, China, European Union, the United Kingdom and Bangladesh.
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He also directed the adviser that Pakistan is currently in the process of introducing new markets and new products in addition to traditional markets and traditional export products. The present government has made great strides despite the Covid -19 period.
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