ISLAMABAD: Adviser to PM on Commerce and Textile Abdul Razak Dawood onTuesday has revealed that Pakistan exports to China can grow by $6 billionafter the new Free Trade Agreement.
He said that under the new list of 313 items included in the second phaseof China-Pakistan free trade agreement (FTA), the country’s export earningscould increase by $500 million.
He said the new list is not limited to textile specific products but alsoincludes textile goods, leather, engineering, chemicals, furniture, autoparts, plastic, rubber, paper board, ceramic, glass, surgical instruments,footwear, wood, articles of stones, sea food, meat, tractors, homeappliances etc.
The second phase of China-Pakistan FTA is scheduled to be signed in Beijingon April 28 during PM Imran Khan’s official visit of to the country.
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Dawood said that Beijing imports around $64 billion worth of these itemsfrom across the globe, and if Pakistan is successful in capturing just 10pcof that market share, the country’s exports to China could rise to $6bn.
