Beijing: A Memorandum of Understanding was signed to develop a sustainable and commercial aquaculture project in Gwadar.
B2B Benchmarking Session of the China Pakistan Business Conference inaugurated by Prime Minister Shehbaz Sharif in Shenzhen, China. It aims to leverage the technological expertise, resources and manufacturing expertise of Chinese companies, as well as the local knowledge and community ties of its Pakistani partners, to support the development of aquaculture in Gwadar.
For this purpose, based on feasibility studies and land selection for agricultural projects in Gwadar, advanced aquaculture technologies such as horticultural management, farming methods and processing capabilities are expected to be transferred from China.
The contracting company told CEN that investments would be made to develop integrated aquaculture facilities and that local personnel would be trained in modern aquaculture practices.
Although the water sector contributes significantly to the livelihoods of coastal residents in Pakistan, the lack of developed infrastructure and educational support hinders the full exploitation of this promising sector, which currently accounts for less than one percent of GDP. play a big role in the public economy.
In addition to establishing sustainable and environmentally responsible aquaculture practices, facilitating market access and distribution channels for horticultural products is part of this joint effort.
About 60 percent of Pakistan’s total fisheries exports go to China. Last year, China’s seafood imports from Pakistan increased by 13%, providing a huge market for Pakistani exporters. According to the China-Pakistan Free Trade Agreement, the number of exporters of aquatic products in Pakistan is increasing.
Through technology transfer, knowledge sharing and investment in facilities, pipeline aquaculture partnerships will reduce the dependence of local fishermen on fish. Faced with limited initial gear, climate uncertainty and lack of freezing facilities, and local industry through deep processing infrastructure.
