Particle.news
Download on the App Store

Pakistan and Türkiye Advance Plans to Expand Rice Trade, Target $5 Billion Trade

Pakistan unveiled a pricing support mechanism after a strong harvest to offer basmati and non-basmati at internationally competitive rates.

Overview

  • Commerce Minister Jam Kamal Khan met Turkish Ambassador Dr. Irfan Neziroglu in Islamabad to prioritize higher Pakistani rice shipments to Türkiye.
  • Both sides discussed activating government-to-government procurement and coordinating Pakistan’s state trading entities with Turkish public and private buyers for bulk purchases.
  • Market access talks covered better use and potential expansion of the 18,000 metric ton tariff-rate quota under the PTA, streamlined import licensing, and possible zero or reduced tariffs on basmati.
  • Technical delegations are scheduled to convene in the coming weeks to convert proposals into concrete arrangements, including PTA-related updates and cooperation on value-added rice products.
  • Business engagement will be stepped up through trade delegations, exhibitions, and B2B links, and Türkiye reiterated the shared goal of lifting overall bilateral trade to $5 billion.