Seafood exports reach $ 264.18 mln in eight months

ISLAMABAD, Mar 28 (APP):The exports of fish and fish preparations from the country have witnessed
10.18 per cent increase during first eight months of 2017-18, fetching
US $ 264.18 million precious foreign exchange during the period.
During the period July-February 2017-18, the country exported about
108,262 metric tons of fish and fish preparations as compared to exports
of 89,032 metric tons, valuing of US$ 239 million during same period last
year, a data of Pakistan Bureau of Statistics showed.
Overall food group exports from the country during the period under
review witnessed growth of 21 per cent as food commodities worth
US$2.842 billion were exported during July-February (2017-18) against
exports of US$2.334 billion during July-February (2016-17).
Meanwhile, when contacted, official sources at Commerce Division
on Wednesday said at present, seafood is being exported to European
Union member states while now it is gaining popularity in China, not only
because of its low prices but also because of support from government
policies.
Earlier, EU had de-listed all the companies exporting fish from
Pakistan in 2007. It was primarily done on account of failure to
meet EU’s Sanitary and Phytosanitary (SPS) measures.
As a result of the efforts of the present government i.e,
Ministry of Commerce and Marine Fisheries Department (MFD), EU
lifted ban in June 2013. Two exporting establishments are now
being allowed to export to EU member states.
The matter was taken up by Pakistani side during the 8th
Session of Pakistan-EU Sub-Group on Trade meeting held on
October 9, 2017 in Brussels.
The EU side has temporarily allowed two fisheries establishments
to start exporting to EU after assurances given by Ministry of National
Food Security & Research to European Commission to comply with
EU’s SPS measures.
However, the EU side has linked possibility of re-listing the
remaining establishments for exports to EU with the on-ground
visit and authentication of its SPS inspectors.
Pakistani seafood is also gaining popularity in Chinese market
as several seafood distributors said that Pakistani seafood, compared
with seafood imported from other sources, is more cost-effective.
In recent years, the Chinese government has rolled out measures
that have encouraged and facilitated imports of seafood from
Pakistan.
One example is establishment of China-Pakistan Economic
Corridor, a flagship project of one Belt and one Road initiative,
which has enriched the transportation channels for Pakistani
seafood to enter China.