ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held an important meeting with Dr. Emmanuel R. Fernandez, Ambassador of the Philippines to Pakistan, on the special directions of Prime Minister, Muhammad Shehbaz Sharif, with a focus on enhancing Pakistan\u2019s rice exports to the Philippine market. During the meeting, the Commerce Minister conveyed the Prime Minister\u2019s keen interest in identifying priority markets for Pakistan\u2019s rice exports and formally requested the Philippine leadership to consider additional procurement from Pakistan, said a release issued here on Friday. He highlighted that Pakistan is currently on a strong agricultural output trajectory, with ample surplus rice stocks available for export, while maintaining consistent quality standards. Jam Kamal Khan noted that global market dynamics have evolved with the re-entry of major suppliers, intensifying price competition. To address this, the Government of Pakistan has developed a mechanism to ensure benchmark price competitiveness, including financial bridging where required, so that Pakistani rice remains competitive while assuring buyers of quality and quantity. APP
\nHe emphasized that if Pakistan is able to closely match prevailing market prices, there is strong scope for expanding bilateral rice trade through institutional engagement between relevant authorities of both countries.
\nThe Commerce Minister further informed the Ambassador that, on the Prime Minister\u2019s instructions, Pakistan has identified the Philippines as one of the key partner countries for enhanced rice exports.
\nHe stressed that timely coordination between both sides would help materialize mutually beneficial arrangements, particularly in view of upcoming procurement tenders in the Philippines.
\nAmbassador Dr. Emmanuel R. Fernandez welcomed Pakistan\u2019s proactive outreach, describing it as a positive step toward deepening bilateral trade and investment relations.
\nHe acknowledged Pakistan\u2019s longstanding position among the top three rice suppliers to the Philippines and noted that Pakistan has strong potential not only to maintain but also to increase its market share.
\nHe informed that the forthcoming session of the Pakistan\u2013Philippines Joint Economic Commission (JEC), expected to be held in February, would place rice trade high on its agenda.
\nBoth sides reviewed progress on a draft Memorandum of Understanding (MoU) under negotiation between the Ministry of Commerce of Pakistan and the Ministry of Agriculture of the Philippines, envisaging government-to-government procurement over a multi-year period.
\nIt was noted that technical teams are in close coordination, with a Pakistani delegation scheduled to engage with Philippine counterparts to expedite finalization of the MoU ahead of upcoming tenders.
\nThe meeting also discussed tariff-related considerations and the importance of addressing cost competitiveness to facilitate greater volumes of Pakistani rice exports. The Pakistani side underscored that early conclusion of the MoU would help manage surplus stocks and ensure continuity of supply to the Philippine market.
\nIn addition to rice, the Commerce Minister briefly highlighted Pakistan\u2019s interest in expanding exports of kinnow (mandarin) to the Philippines and requested that related tariff issues be considered through appropriate institutional forums, including the JEC.
\nBoth sides reaffirmed their commitment to close coordination through diplomatic and commercial channels to translate discussions into concrete outcomes, reflecting the shared objective of strengthening Pakistan\u2013Philippines trade relations in priority agricultural commodities.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held an important meeting with Dr. Emmanuel R. Fernandez, Ambassador of the Philippines to Pakistan, on the special directions of Prime Minister, Muhammad Shehbaz Sharif, with a focus on enhancing Pakistan\u2019s rice exports to the Philippine market. During the meeting, the Commerce Minister conveyed the Prime Minister\u2019s […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-527367","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n