Second phase of China-Pakistan FTA comes into effect

– The second phase of China-Pakistan Free Trade Agreement has come into effect, allowing Pakistani manufacturers and traders to export more than 300 new products to the Chinese market for zero duty charges.

Pakistan and China signed a protocol for implementation of the agreement during the last visit of Prime Minister Imran Khan to China. The major products on which tariff has been eliminated are textiles, garments, seafood, meat, other animal products, prepared food, leather, chemicals, plastics, oilseeds, footwear as well as engineering goods including tractors, auto parts, and home appliance machinery.

“Once the agreement is in effect, Pakistan will be at par with the Association of South East Asian Nations in the Chinese market and provide a huge opportunity of tariff relaxation to the manufacturers especially the garment sector to enhance their exports by 20 times,” he had asserted.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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