ISLAMABAD: The Phase-II of China-Pakistan Free Trade Agreement (CPFTA) has come into force with effect from December 1, 2019.
According to the announcement made by the Ministry of Commerce on Monday stating that the protocol to amend the China-Pakistan Free Trade Agreement entered into force vide Notification No 1(1)-2016/AP-I dated 1st December, 2019.
In pursuance of this notification, the Ministry of Commerce is now pleased to announce that the tariff concessions under Phase-II of the CPFTA will be implemented between the Governments of Pakistan and China from 1st January, 2020.
The Phase-II of the China-Pakistan Free Trade Agreement shall immediately eliminate tariff on 313 tariff lines of Pakistan’s export interest, giving treatment to Pakistan’s exports on a par with Asean.
These 313 tariff lines cover over $8.7 billion worth of Pakistan’s global export and $64 billon of worth of Chinese global imports. Moreover, this will result in 75% of total trade liberalisation for Pakistan in terms of tariff lines and 92% in terms of trade volume.
Umar Ayub had filed interim bail plea in the court to avoid arrest in May 9 cases
Dar will represent Pakistan at the first World Nuclear Energy Conference in Brussels beginning on March 21
Pakistani soil has great potential for breeding high-quality livestock products with high nutritional and protein...
IHC Chief Justice Aamer Farooq took up for hearing the petition of KP CM
Entire nation stands as one in the fight against terrorism: says Rabbani
ECP issued written instructions to the relevant Returning Officer to receive the nomination papers from the candidates