Amendments in FTA with China to be finalised in Feb

Islamabad: Pakistan and China will finalise an amended Free-Trade Agreement (FTA) during a dialogue scheduled for the middle of February in China, a news source reported. Both sides are expected to sign the amended FTA by early March, improving Pakistan-China trade relations.

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Sources have reported that Pakistan has already prepared a draft document for the said amendments. It has been shared with Chinese officials.

As per this draft, the amendments proposed aim to review duties and taxes on goods imported from China, but which Pakistan also manufactures locally.

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Pakistan is also seeking a relaxation in duties and taxes from the Chinese government. This measure will help boost the export of different products. These include textile and rice products, in addition to many other goods.

Trade, textile, and finance department officials, along with those hailing from FBR, the Board of Investment, and other concerned government divisions will participate in the scheduled dialogue.