Pakistan and China’s private sector entities have signed 78 (MoUs) worth $4.5 billion following the conclusion of the Pak-China Agriculture
Pakistan and China’s private sector entities have signed 78 memoranda of understanding (MoUs) worth $4.5 billion following the conclusion of the Pak-China Agriculture Investment Conference, formally elevating agriculture as a priority sector under the second phase of the China-Pakistan Economic Corridor (CPEC).
Briefing the media in Islamabad on Tuesday, Federal Minister for National Food Security and Research Rana Tanveer Hussain said the agreements were aimed at increasing bilateral agricultural trade, expanding investment in priority sub-sectors, modernizing production and processing systems, and establishing long-term commercial partnerships between private enterprises of the two countries.
According to official details, cooperation spans 10 priority areas, including Agri-chemicals and inputs, Agri-machinery, food processing and value addition, meat and poultry, dairy products, fruits and vegetables, animal feed, fisheries and aquaculture, cold chain systems, and food-grade packaging and equipment.
