Pakistan is taking various steps, including introduction of zero-rating regime for textile, leather, carpets, surgical goods and sports goods, to enhance exports, commerce and textile minister Muhammad Pervaiz Malik informed the senate recently. He said Pakistan has so far signed free trade agreements (FTAs) with China, Sri Lanka and Malaysia.

Pakistan signed the FTAs with Sri Lanka, China and Malaysia in August 2002, November 2006 and November 2007 respectively.

During 2014-15, exports from Pakistan to Sri Lanka, China and Malaysia were worth $272.41 million, $2,126.854 million and $205.12 million respectively, while imports from these three countries were respectively valued at $337.52 million, $10,172.731 million and $1,155.48 million, according to Pakistani media reports.

In 2016-17, Pakistani exports to Sri Lanka, China and Malaysia were worth $263.36 million, $1,463.30 million and $136.76 million respectively whereas imports were valued respectively at $81.11 million, $14,133.92 million and $917.65 million, the senate was informed.

In 2016-17, the total trade volume with china reached $15,597.22 million. (DS)

Fibre2Fashion News Desk – India

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