Increase in exports to China on the cards

BEIJING: Considerable increase in products and geographic coverage will set a new tone for exports to China as the Pakistan-China Free Trade Agreement (FTA) enters its second phase, said Adviser to Prime Minister on Commerce Abdul Razak Dawood.

invest with imarat

Islamabad’s emerging city centre

Learn More

Seizing the opportunity given by the Chinese government to increase the volume of exports, Pakistan will go from shipping textile, leather and agricultural products to exporting chemicals and engineering goods as well, said the official.

“We see it as the perfect opportunity to enhance collaboration with Chinese companies,” Dawood told the China Economic Net. “The second phase of Pakistan-China Free Trade Agreement will become operational from the first of December.”

According to available data, the 313 product lines, waived from tariffs under the agreement, would cover exports worth nearly $2 billion of Pakistani goods to China each year.

For more news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Garha Mor: A Notable Landmark in Vehari City

Garha Mor, a notable landmark in Vehari, Punjab, Pakistan, is significant in its location, accessibility,…

21 hours ago

Aslam Market Wah Cantt: Pleasure of Shopping & Dinning

Located in the center of Wah Cantt, Aslam Market is a vibrant commercial hub that…

2 days ago

Abid Market Lahore: An Iconic Shopping Landmark

Located in the bustling heart of Lahore, Abid Market is a landmark shopping area well…

3 days ago

CDA Chairman Urges Rapid Completion of Major Islamabad Interchanges

ISLAMABAD, Nov 16 (APP): The Chairman of the Capital Development Authority (CDA), Muhammad Ali Randhawa,…

3 days ago

IMARAT Announces Launch of Pakistan’s Largest Sharia-Compliant REIT – A New Era of Real Estate Investment

Islamabad, Pakistan— IMARAT Group, a leading real estate developer and innovator in Pakistan, announces the…

3 days ago

Amma Tower: A Landmark in Urban Living & Commerce

Amma Tower, located in the bustling area of Saddar in Karachi, is a unique blend…

4 days ago