Is Pakistani agriculture ready for CPEC?
- The Diplomat
- 18 May 2018
The China-Pakistan Economic Corridor could see Chinese produce grown in Pakistan exported to Chinese markets, with little benefit whatsoever to Pakistan’s economy.
The China-Pakistan Economic Corridor could see Chinese produce grown in Pakistan exported to Chinese markets, with little benefit whatsoever to Pakistan’s economy.
The China-Pakistan Economic Corridor (CPEC) has a large agriculture aspect with large tracts of land expected to be leased out to Chinese firms for developing advanced planting and breeding bases.
The secrecy behind much-touted China Pakistan Economic Corridor (CPEC) now lies in tatters with details of how China is plotting the economic takeover of Pakistan published early this week. Major thrust areas of this plan will hugely affect Pakistani agriculture sector.
Thousands of acres of agricultural land will be leased out to Chinese enterprises to set up demonstration projects in areas ranging from seed varieties to irrigation technology.
FrieslandCampina has acquired 51 % of Engro Foods Limited, the second largest dairy producer in Pakistan and owner of a 4,000 cattle dairy farm.
Royal FrieslandCampina NV, a Dutch dairy company, is seeking to buy a 51 percent stake in Engro Foods Ltd. of Pakistan, the country's second-biggest listed dairy firm and owner of one of the country's largest dairy farms.
In addition to these ongoing seven sugar factories, there is also an ongoing private initiative, Hiber Sugar S.C. which will operates on 25,000ha of land in Amhara Regional State at Tana Beles Basin.
The rush of foreign investment into Pakistan’s agricultural sector being facilitated through Corporate Farming Ordinance will increase landlessness, food insecurity, water scarcity and agroecological degradation.
Pakistan, which is currently in negotiations with Qatar for liquefied natural gas supplies, has opened its farm sector to investments from Qatar, which has placed utmost priority on food security.
Pakistan is now turning to agribusiness rather than land sales as a means of luring Gulf investment.
The increase of international corporate land grabbing with the collusion of state Ministers, Senators and bureacrats has exacerbated the situation of unemployment and food insecurity in Pakistan
How did such a promising idea (which appeared to offer a textbook example of a win-win situation) fail?
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