Home / Knowledge / News / Textiles / Pak delegation to visit Beijing for FTA negotiations in April

Pak delegation to visit Beijing for FTA negotiations in April

27
Mar '07
Prime Minister Shaukat Aziz will visit Beijing between April 17-19, 2007, during which Free Trade Agreement (FTA) will be discussed.

China-Pakistan FTA is supposed to come into effect from July 1 this year. Notifications have been issued by both nations, which are now trading under early harvest program (EHP).

Pakistan will extend zero percent duty concession on 2,423 Chinese goods, 0-5 percent concession on 1,339 other products, 50 percent margin of preferences on 157 items and 20 percent of the same on 1768 items.

China has agreed to extend zero percent duty concession on 2,681 local products, maximum five percent concession on 2,604 items, 20 percent margin of preferences of prevailing tariffs on 529 items and 50 percent margin of preferences of same on 604 items under the FTA, from Pakistan.

However, under Islamabad's 'No Concession List', China is prohibited from exporting 1,024 items including polyester, raw materials and home electricals to Pakistan. It will be unable to export another 92 goods under Exclusion List.

A meeting of Joint Study Group on economic co-operation is also planned in Beijing during Aziz's visit. Joint Secretary FT Wing Shahid Bashir will lead a delegation of seven representatives of Pakistani Government to take part in this meeting.


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Shambhu Nath Jha,

Shambhu Nath Jha

Leading research and consulting firm Fact.MR recently launched a report on ...

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Shyam Gupta,

Shyam Gupta

Established by <b>Shyam Gupta</b> in 1978, Gargee Designer's (GD) offers...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search