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2nd phase of Pak-China FTA to begin in Dec

14
Nov '19
2nd phase of Pak-China FTA to begin in Dec
The second phase of the free trade agreement (FTA) with China will become operational from the December this year, according to adviser to the prime minister on commerce, investment, industries and textile Abdul Razak Dawood, who recently told a conference that this phase is going to facilitate access of 313 top export items into Chinese market.

Dawood was addressing a ceremony at the 35th International Apparel Federation World Fashion Convention in Lahore.

Garment exports were on an upward trajectory because of the additional market access secured by the government, Pakistani media reports quoted the advisor as saying.

“This will help Pakistan to come on a par with ASEAN states in the Chinese market, providing a huge opportunity in the shape of tariff relaxation to the manufacturers, especially the garment sector, to enhance their export volume with the potential to grow 20 times,” he said.

Dawood said China has provided Pakistan with an opportunity to export chemicals and engineering goods as well, as the government wants to take export to the highest level ever through business-friendly policies.

Fibre2Fashion News Desk (DS)


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