Pakistan’s exports to China increased by 64% from January to March. The China-Pakistan Free Trade Agreement Phase-II (CPFTA-II) has been in operation since January 1, 2020, but it is only now beginning to yield results.
According to Mr. Badar Uz Zaman, Commercial Consular at the Pakistan Embassy in Beijing, Pakistan’s exports to China increased by 64 percent between January and March 2021.
However, he made these remarks while participating in an online brainstorming session with members from the Pakistani trading community recently to discuss how to gain a fair share of China’s $2 trillion import market.
The conference was also significant because it took place against the backdrop of an amended China-Pakistan Free Trade Agreement.
Furthermore, they emphasized the importance of stepping up efforts in order to fully profit from the concessions given by Iron Brother to Pakistani traders under the CPFTA-II.