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China agrees to increase Pakistani exports

ANI  |  Lahore [Pakistan] 

has agreed to address the major concerns of regarding preference erosion for Pakistani and meaningful market access during the 8th meeting of second phase of China-Agreement (FTA) held in

Showing concerns over the growing trade imbalance between both the countries, shared a list around 70 high priority items of its export interest for immediate market access, which the Chinese side agreed to consider favourably. These tariff lines constitute more than 80 percent of Pakistan's current to

The breakthrough was achieved after intense negotiations that took place for two days during the eighth meeting of the second phase of negotiations over the FTA.

The meeting was co-chaired by Commerce Secretary Mohammad Younus Dagha and Chinese Vice Minister for Commerce Wang Shouwen.

The Secretary Commerce stated that the benefits of and CPFTA shall be shared equitably by the two countries and should be a win-win proposition for both sides.

He stressed the need for addressing growing trade imbalance and visa facilitation for Pakistani businessmen visiting

In the last seven rounds, pleaded the case for the restoration of its preference under the FTA that had been eroded due to subsequent FTAs of Dagha pointed out that the preference on 79 per cent of Pakistan's to had been eroded. has also shown concern about not being able to get meaningful market access during the first phase of the FTA, the Dawn reported.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, September 16 2017. 18:32 IST
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