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FTA with Pak to be effective from Jan 1

30
May '07
Government has signed a Free Trade Agreement (FTA) with Pakistan scheduled to be effective from January 1, 2008.

Under this pact Pakistan's textile products will get duty-free access to Malaysian markets.

The agreement is likely to improve trade volume between the two countries to over US $5 billion in the next five years.

Presently, bilateral trade between Malaysia and Pakistan comes to less than $1 billion.

This will be Pakistan's third bilateral trade agreement after similar treaties with Sri Lanka and China.


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