CPFTA Phase-II to help enhance exports

KARACHI: Under the China-Pakistan Free Trade Agreement (CPFTA) Phase-II, China has eliminated tariffs on 313 tariff lines of Pakistan's export interest, giving the South Asian nation a treatment on a par with Asean grouping, said Trade Development Authority of Pakistan (TDAP) Chief Executive Arif Ahmed Khan.

Speaking to the business community at a seminar on Friday, he said the tariff lines included textile and garments, seafood, meat and other animal products, prepared food, leather, chemicals, plastic, oilseeds and engineering goods including tractors, auto parts, home appliances and machinery.

"The second phase of the CPFTA will help Pakistan in enhancing exports to China in the coming years," he said.

Pakistan to export more goods to China

Speaking on the occasion, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) vice president highlighted the role of the FPCCI in finalising the CPFTA Phase-II.

He was of the view that a lot more work needed to be done in collaboration with government institutions, in addition to the Commerce Division, to reap benefits of the CPFTA Phase-II.

Consulate General of China Economic and Commercial Counsellor Guo Chunshui briefed the audience about the trade profile between the two countries and efforts involved in finalising the CPFTA.

Published in The Express Tribune, January 11^th, 2020.

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