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Dec 6, 2017
Pakistan

Expected steep increase in international trade will give rise to UK exports

For holding the pressure of the steep increase in international trade activity Pakistan needs to build additional infrastructure on Karachi airport while making Gwadar port fully functional. Massive development has been planned for the earlier one to enhance the capacity of cargo handling and cargo business. Roads and railways are also being upgraded to coop with the expected rise of container movement.

The plan to connect the deepwater terminal of the port elevated expressway will be constructed. With this no issue of traffic blockade that normally leads to delayed delivery. A new terminal for import of petroleum and chemicals has also been part of this construction plan.

Storage capacity shortage is the major cause of keeping vessels stationed for the longer period that adds up to the cost. The United Kingdom has been exporting tons of chemicals and lubricants to Pakistan and the importers will definitely be happy for these measures that reduce cost.

UK interest in Gwadar Port

The ambition of developing Gwadar port into a one of the largest transit Sea Cargo facility would certainly push the world economic powers to sell their products in this emerging market. It has been estimated that in coming five years it will be South Asia’s biggest shipping point.

Landlocked central Asian nations will be reached through this flagship project of one belt one road initiative of China. Britain showed its interest to be a part of this mega project. At the same time trade ties between the two has been strengthening as businessmen of both sides are ready to raise trade activity further.

Exporting to Pakistan

Like exporting to any other country outside the European Union the British exporters need to follow specified rules to send their goods to Pakistan. From declaring the value of the items to getting a commodity code from the authorities needs to be done. According to the law, you also need to pay duty imposed for the code you get.

Mainly industrial machinery, chemicals, and medicines are exported in large quantities to this country from the UK. Normally getting a partner of business is a lot easier because of communication is no issue and people are eager to do trade with Great Britain.

Cargo container sending is easy but receiving it in Pakistan is time taking. The concerned authorities are keen to eliminate all these impediments that are responsible for unnecessary delays in delivering a shipment. Involving technology and building capacity to carry out handling and forwarding of freight at greater speed is also required from the Asian partner.

By gradually moving towards improved situation for international trade the country has improved a lot. At the start, you may feel the process is slow but for long term business relation, patience is the must.

It is also strongly suggested to visit the company before getting a deal. The growing market has opened up a number of avenues for the foreign companies that can stuff stores with their own goods. High quality and original products are highly praised and in demand so it is not difficult to find a place for bit expensive item.

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