The ISLAMABAD-China-Pakistan Free Trade Agreement (CPFTA) has been a milestone in bilateral economic cooperation as the bilateral trade trade surged to $ 15. 6 billion in recent years.
According to official sources quoted by China Economic Net on Friday in the first phase of the CPFTA, Pakistan's exports to China increased from $ 550 million (FY07) to $ 1.98 billion (FY19). The bilateral trade volume soared from about $ 4 billion. This increased to $ 15.6 billion.
CPFTA signed two
Park China Trade jumps to $ 15.6b under FTA
ISLAMABAD (INP): China, Pakistan Free Trade Agreement (CPFTA) has been a milestone in bilateral economic cooperation between the two countries as the bilateral trade trade surged to $ 15. 6 billion in recent years.
According to official sources quoted by China Economic Net on Friday in the first phase of the CPFTA, Pakistan's exports to China increased from $ 550 million (FY07) to $ 1.98 billion (FY19). The bilateral trade volume soared from about $ 4 billion. This increased to $ 15.6 billion.
CPFTA was signed in 2006 and entered into force in 2007. It's the first FTA China signed with South Asian countries.
The signing and implementation of the CPFTA rapidly developed bilateral economic and trade relations. According to Pakistan customs statistics, so far, China has been Pakistan's largest trading partner and second exporter for five consecutive years, occupying six years of FDI country of origin.
Along with the continued upward trend in China-Pakistan trade, concerns over China's trade deficit with Pakistan are increasing.
006 came into force in 2007. The first FTA China signed with South Asian countries.
The signing and implementation of the CPFTA rapidly developed bilateral economic and trade relations. According to Pakistan customs statistics, so far, China has been Pakistan's largest trading partner and second exporter for five consecutive years, occupying six years of FDI country of origin.
Along with the continued upward trend in China-Pakistan trade, concerns over China's trade deficit with Pakistan are increasing.
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Source Link : https://nation.com.pk/24-Aug-2019/pak-china-trade-jumps-to-15-6b-under-fta
