Using a tariffs opportunity to triumph | Political Economy

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SK President Donald Trump has created an unprecedented opportunity for some Pakistani businesses, especially on Chinese products, especially on Chinese products.

Protection policies have led to major waves in the global market. However, for countries like Pakistan, they have also opened an unexpected opportunity to diversify exports, diversify exports and construct elastic economic structure.

The solution depends on comprehensive strategic planning, bold policy measures and active public private partnerships. With the combination of disciplinary cooperation by the public sector and infrastructure and disciplinary cooperation through the public sector, Pakistan can create a sustainable route in the upcoming global economic transfer.

The Trump administration has imposed taxes on products worth more than $ 360 billion, from electronics to steel, agriculture and textile products. Countries such as Canada, Mexico and the European Union are likely to be targeted by new tariff measures, especially in relation to steel and aluminum products.

This barrier to traditional supply chains has forced many firms to find alternatives outside China and launch a strategy besides the so -called China. Companies around the world have shifted to Vietnam, Bangladesh and Indonesia to diversify their supply chain.

Despite its great potential, Pakistan has lost the first wave of migration. However, not all is over. Global alignment is still underway. Pakistan can still attract investment, promote exports and modernize its industrial sector.

There are numerous competitive powers in Pakistan such as:

Young manpower. With about 60 % of the population under the age of 30, Pakistan has a population profit which will be awaited.

Strategic location. Pakistan enjoys logistics benefit, which is located in the intersection of South Asia, Central Asia and the Middle East.

Infrastructure. China -Pakistan Economic Corridor has increased road, rail and port contact. Infrastructure projects are also coming out in the energy sector.

However, it also faces considerable challenges such as:

Policy volatility. Repeated changes in trade, investment and financial policies discourage investors.

Energy shortage. Despite the recent improvement, incredible power supply still affects industrial productivity.

Ease of doing business. The bureaucratic drag is important.

It is not just the government’s responsibility to tackle these challenges. It also requires the efforts of private sector players.

PPP has partnerships between government departments and private sector firms that are meant to finance, construct and run the projects that have been traditionally provided by the Public Sector. This model has worked globally. From UK infrastructure projects to expanding India’s energy sector.

For Pakistan, PPPS can be a catalyst:

Increase industrial capacity. Construction of modern industrial zone and export processing zone.

Logistics upgrade. Easy to move the goods to the Ports ports, dry ports, warehouses and transport networks.

Investing in technology. Establishment of Technology Parks and Innovation Centers to attract electronics and information technology business.

Agriculture. Development of cold storage chains, agro processing units and export grade farming clusters.

A strong PPP framework has the ability to attract international investors in search of China’s alternatives. Pakistan can emerge as a serious contender in the global supply chain.

In order to effectively use the opportunities provided by President Trump’s prices, Pakistan will have to achieve a multi -faceted strategy.

Policy reforms for investors’ trust. The government has to establish a stable, forecast and a transparent policy environment, which should be given special emphasis.

Reducing the regulatory drag

To provide tax -based sectors to get rid of taxes

To ensure foreign investment protection through strong legal framework

Targeting the Sector. Pakistan must find and assign the highest priority to the sectors that were most affected by Trump’s prices on China. They include:

Textile and clothing. Pakistan is already gaining comparative advantage in this sector. With the minimum price increase and branding, it can replace Chinese products in Western markets.

Electronic assembly. Finally, the electronic assembly can be transferred from China to Pakistan, which has suitable incentives.

Production and Food Processing. Chinese agricultural products face more revenue. This has created the scope of Pakistani products in the United States and other Western countries.

PPP -based industrial zone. Instead of public -owned industrial properties, Pakistan can create new industrial parks through PPP management, which provides land, infrastructure and tax privileges in partnership with private developers. Under the CPEC, special economic zones can provide a model, but diverse players in the private sector need to be opened.

Skill development and labor training. A capable labor force is essential for the export sector. Public Private Partnership can set up a technical training institutes created in consultation with industry needs to create a modern manufacturing employee.

Marketing Pakistan worldwide. A strong marketing campaign should be launched to highlight Pakistan’s emerging industrial capacity, investment opportunities and the benefits of logistics. Special investment road shows, trade fairs and diplomatic missions can be kept as a potential manufacturing center on the map.

Development of digital infrastructure. Today the supply chains are as digital as they are physical. Public private partnerships need to invest in fiber optic networks, e -commerce platforms and Fine Tech solutions that can take place in the chains of global value without interruption.

President Trump’s prices have given Pakistan a unique opportunity to change its economic pace. A comprehensive strategy, policy consistency and effective public private partnerships need to exploit its full potential.

With the help of the government’s viable role and the performance of the private sector and the dynamics, the changing global trade can plug the void and Pakistan can be established for a sustainable economic growth in the coming decades.

The world is changing, supply chains are adjusting and markets are looking for reliable alternatives. The time has come for Pakistan to rise as a global contender, not as a selection of Fallback.

Author, a Public Private Partnership Consultant, can be arrived at Waseemalitipu@gmail.com