January 16, 2020: Advisor to Prime Minister on Commerce, Industries, Textile and Investment Abdul Razak Dawood has said that China-Pakistan, Free Trade Agreement (CPFTA) is a game-changer for increasing the Pakistan exports and also for maintaining a balance of trade with China.
Addressing a seminar in Islamabad, he said Phase II of the Free Trade Agreement could be weighed as better negotiated than the previous phase due to enhanced protection given to businessmen.
Under the agreement, China has eliminated tariffs on 313 tariff lines, giving Pakistan benefits at par with those of ASEAN countries.
These 313 items including textiles, engineering, chemicals, leather, food items, meat, and fisheries besides others which comprise the major chunk of exportable items of Pakistan.
Speaking on the occasion, President Rawalpindi Chamber of Commerce and Industry, Saboor Malik said that the business community is keenly willing to play its role in supporting the Government sector for the economic development of the country.
