Sino-Pak FTA- II To Boost Pakistan's Exports By US $ 2 Bln
Muhammad Irfan 5 days ago Tue 16th April 2019 | 08:50 PM
The Pakistan's exports would be increased by US $ 2 billion annually after signing the Sino-Pak Free Trade Agreement-II (FTA-II), Adviser on Commerce and textiles, Abdul Razak Dawood said Tuesday
The adviser said Free Trade Agreement was signed between Pakistan and China in 2007, however, he added, after China's FTA with Association of South East Asian (ASIAN) countries, Pak- China FTA needed to be reviewed to get same market access as ASIAN countries were getting.
Meanwhile, Secretary Commerce Ahmed Nawaz Sukhara also briefed the committee on current situation of trade and causes of trade deficit besides informing the committee about recent positive trends in exports.
The ministry was working on Strategic Trade Policy Framework (STPF) 2019-14 and National tariff Policy, he said adding that trade related investment policy framework was also being prepared for increasing the country's exports.
He informed that during fiscal year 2019 around eight per cent decline was observed in country's imports.
Among others, the meeting was attended by Nawab Sher, Sajida Begum, Mrs. Farukh Khan, Muhammad Yaqoob Sheikh, Khurram Shaza, Shaists Pervaiz and Senior official of Ministry of Commerce attended the meeting.