ISLAMABAD – Pakistani exports to China likely to get a big boost withsigning of the second phase of Pakistan China Fressingfield trade agreement.
Chinese Ambassador in Pakistan Yao Jing has said that second phase of theChina-Pakistan Free Trade Agreement (CPFTA) will be finalised in Octoberafter which 90% of Pakistani exports including agricultural products andseafood will attract a zero percent duty.
“Market access will increase Pakistan’s exports by $500 million, which willreduce the disparity between bilateral trade,” said Yao.
He informed participants that China has planned to invest $1 billion indevelopment projects.
He expressed appreciation for the suggestions forwarded by IWCCI to boostbilateral trade and added that he would try to establish a close liaisonbetween women associations of China and women entrepreneurs of Pakistan.
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The envoy remarked that Chinese businesswomen would be invited toparticipate in the fifth Islamabad Expo scheduled in November to explorethe market and promote networking.
“In addition, women entrepreneurs of Pakistan would be sent to China toparticipate in the expos and explore business opportunities,” he added.
