Pakistan Emerges as Lowest-Risk Country for Food Safety Standards in FY24
Strong Position in Global Rice Export Market
Pakistan has been ranked as one of the lowest-risk countries for food safety standards in the fiscal year 2023-24. This is significant, as Pakistan holds 25% of the European rice export market, outpacing India, which accounts for 16%.
Meeting Between REAP Chairman and Commerce Minister
This information was revealed during a meeting between Malik Faisal Jahangir, the newly elected Chairman of the Rice Exporters Association of Pakistan (REAP), and Commerce Minister Jam Kamal. The discussion focused on maintaining rice exports despite falling international prices and India’s recent decision to lift its rice export ban in October.
Compliance with Food Safety Standards
Jahangir highlighted that Pakistan received only 74 rapid alerts for pesticide and food safety issues in the previous year, compared to 264 alerts issued against Indian rice exporters. This demonstrates Pakistan’s higher level of compliance with international food safety standards.
Challenges Despite Positive Standing
While Pakistan continues to be one of the lowest-risk countries for food safety, Jahangir expressed concern over potential negative campaigns that could harm Pakistan’s export reputation. However, he noted that Pakistani rice exporters face fewer regulatory challenges compared to many competitors.
Government Efforts to Boost Competitiveness
To enhance competitiveness with India in the global market, the commerce ministry has removed the minimum export price for rice. Despite this, it is expected that Pakistan may struggle to match its export value from the previous year due to lower prices.
Minister Kamal Calls for Greater Collaboration
Commerce Minister Kamal emphasized the importance of greater collaboration between the government and exporters to sustain Pakistan’s competitive advantage in the international rice market. He also stressed the need to maintain compliance with European food safety standards to enhance exports.
Economic Significance of Rice Exports
Minister Kamal noted that rice is Pakistan’s second-largest export commodity after cotton, playing a vital role in the country’s economy. The government aims to increase rice exports from $4 billion to $6-7 billion in the near future by focusing on improving food safety standards, particularly in Europe.
Diplomatic Developments
The minister also mentioned recent diplomatic developments, including the visit of Malaysian Prime Minister Anwar Ibrahim, which could further strengthen trade relations and enhance Pakistan’s position in international markets.
