Competitiveness and Exportability of Pakistani Products in the context of Export Policy and Trade Relations with Central Asian Republics: Challenges, Impacts and Way-forward

Abstract

Pakistan's geographic location holds immense strategic significance, making it a vital player in regional and global trade. Situated at the crossroads of South Asia, Central Asia, and the Middle East, Pakistan serves as a crucial gateway for trade and connectivity. Its proximity to major maritime routes and its land border with Iran, Afghanistan, China, and India further enhance its geo-economic significance. By leveraging its geographical position, Pakistan can unlock substantial economic benefits by becoming a reliable and efficient trade corridor for the land-locked Central Asian Republics and beyond. Moreover, Pakistan can establish itself as a pivotal energy corridor, facilitating the transportation of oil, gas and electricity from the resource-rich regions of Central Asia to energy-deficient countries in South Asia including Pakistan itself. Furthermore, its access to the Arabian Sea provides an opportunity for the development of maritime trade and the establishment of modern port facilities, fostering increased regional and international trade. With proper infrastructure development and conducive policies, Pakistan can become a vibrant hub for commerce and investment, fostering economic growth and prosperity for its people. This Paper aims to investigate the competitiveness and exportability of Pakistani products in the context of Export Policy and trade relations with Central Asian countries. It seeks to identify the challenges faced by Pakistani exporters, assess the impacts of the current export policies and trade relations on the export performance, and propose a way forward to enhance the competitiveness and exportability of Pakistani products in the Central Asian markets. The Paper aims to analyze the specific challenges faced by Pakistani exporters while exporting to Central Asian countries and their impacts on the export performance. It will explore the dynamics of trade relations between Pakistan and Central Asian countries, examining the existing export policies, trade agreements, and institutional frameworks governing the trade between Pakistan and Central Asian Republics. Based on the analysis of challenges, impacts, and market opportunities, the research will propose a way forward to enhance the competitiveness and exportability of Pakistani products in the Central Asian markets. This may include recommendations for policy reforms, trade facilitation measures, capacity building initiatives, market intelligence systems, and strategic partnerships with Central Asian stakeholders. The findings of this research will provide valuable insights to policymakers, trade organizations, exporters, and other stakeholders involved in Pakistan's export sector. It will contribute to the development of evidence-based policies and strategies to boost export performance, diversify export markets, and strengthen trade relations between Pakistan and Central Asian countries. Ultimately, this research aims to support Pakistan's economic growth and contribute to the sustainable development of the region.