Saturday, October 12, 2024

Pakistan’s Second Free Trade Agreement with China Will Help to Increase Its Exports

Pakistan’s second Free Trade Agreement (FTA–II) with China would allow it to increase its exports to China by $4 to $6 billion over the next three years.

Vice President of the Pakistan Businesses Forum (PBF), Ahmad Jawad, told the media in Beijing that the FTA-II has enabled Pakistan to export more than 1,000 items to China duty-free. Over the next three years, Pakistan’s second Free Trade Agreement (FTA–II) with China would enable it to increase its exports to China by $4 to $6 billion.

According to Ahmad Jawad, Vice President of the Pakistan Businesses Forum (PBF), the FTA-II has enabled Pakistan to export more than 1,000 products to China duty-free.

Similarly, Pakistan has received China’s approval for meat export after a private sector company developed a heat treatment facility to extract virus from export consignments, if any exist.

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