Exports of Pakistan to China Shot Up by 64%
The China-Pakistan Free Trade Agreement Phase-II (CPFTA-II) went into effect on January 1, 2020, but its effects are already becoming apparent.
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According to Mr. Badar Uz Zaman of the Commercial Consular at the Pakistani Embassy in Beijing, Pakistan’s exports to its neighboring China have recently risen sharply, increasing by 64% between January and March 2021.
Yet, he made these comments while taking part in a recent online brainstorming session with representatives of Pakistan’s commercial community to discuss ways to get a fair piece of China’s $2 trillion import market.
The seminar also had special relevance because of the recently amended Free Trade Agreement between China and Pakistan.
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Also, they emphasized the necessity of stepping up efforts in order to fully benefit from the concessions made by Iron Brother to Pakistani traders under CPFTA-II.
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