PESHAWAR, Mar. 16 (Gwadar Pro) - Pakistan has immense potential of olive plantation due to availability of land and favourable environment in the country. If olives are planted on Pakistan’s arable land, the country could become one of the world’s leading olive oil producers and exporters.
China could be one of the potential markets for Pakistani olive production in the future, which could also help reduce the trade deficit between the two countries, according to experts. Currently, Olive brands from Spain and Italy are highly recognized in the Chinese markets.
The government of Pakistan is increasing olive cultivation in the country. Olive plantation under ‘10 Billion Tsunami Tree’ initiative of Prime Minister Imran Khan’s government is one of such projects aiming to increase olive products, reduce the impacts of climate change and to support poverty alleviation.
Pakistan, China launch new venture
Set up first-of-its-kind platform to collect, release data on agricultural, industrial cooperation
Pakistan and China on Tuesday embarked on a new venture as they established the first agricultural and industrial cooperation information platform in an attempt to promote in-depth business-to-business cooperation between the two countries.
“As we enter the critical juncture of the China-Pakistan Economic Corridor (CPEC), the agriculture sector and industries will be our main focus,” said Chinese Ambassador to Pakistan Nong Rong. Speaking at the inauguration ceremony of China-Pakistan Agricultural and Industrial Cooperation Information Platform, the ambassador said 2021 would mark the completion of 70 years of brotherly relations between Pakistan and China, and with the launch of the platform, “we will organise forums to display information to further strengthen business-to-business cooperation between the two countries”.