2022 winding up: CPEC Agri Corridor sows seeds of economic growth

(By Yasir Habib Khan):-

As 2022 draws close, The agriculture sector has gained manifold tractions under China-Pakistan agriculture cooperation promising the phenomenal agri growth in the length and breadth of Pakistan.

Given the comprehensive spectrum of cooperation under “CPEC Green Corridor” throughout the year in 2022, the agriculture sector has recorded a remarkable growth of 4.4% and surpassed the target of 3.5% as well as last year’s growth of 3.48% during FY2022.

According to Economic Survey, the growth in the agriculture sector recorded 4.4% and surpassed the target of 3.5%. This remarkable growth is mainly underpinned by China-led assistance to Pakistan of many facets relating transfer of hands-on experience in the fields of intercropping, high-yield seeds, pest control, hybrid cultivation, corporate farming, innovate irrigation technique, agri machinery training, agri research & development, protocol for Pak agri exports to China, digital farming and agri labor skills.

Since Sino-Pak agriculture has continued to deepen in 2022, Pakistan’s agricultural products exported to China from January to August 2022 reached $730 million with a year-on-year increase of 28.59%. Pakistan’s agricultural exports to China are expected to exceed a record high of $1 billion next year.

On the back of 2022 agri sector’s milestone achievement, the focus of next year under CPEC Green Corridor will be continuing on improving land cultivation area, water management, better access to markets for inputs (seeds, fertilizers, farm mechanization, credit, water) and outputs, improved infrastructure including storage and cooling facilities, reduction in post-harvest losses, greater investment in research, development and extension, improved quality and fulfillment of quarantine requirements for international markets and competitiveness, greater diversification, especially minor but high-value crops, farm input and effectiveness of markets.

The announcement of three new corridors under CPEC including China-Pakistan Green Corridor (CPGC), which focuses on agricultural environment and food security speaks volumes about the significance of agricultural cooperation in CPEC.