According to Pakistan’s “Forum Express” report on June 20, Achakzai, Chairman of the All-Pakistan Federation of Industry and Commerce, attended the China South Asia Conference held during the 2019 South Asia and Southeast Asia Commodity Trade Fair in Kunming. It was stated at the Cooperation Forum that the second phase of the China-Pakistan Free Trade Agreement is expected to increase Pakistan’s exports to China to US$5 billion after its official entry into force. A said at the forum that in the second phase protocol of the China-Pakistan Free Trade Agreement, Pakistan’s important export products such as cotton yarn, agricultural products, and leather products are included in tariff reductions and exemptions, and will enjoy the same treatment as ASEAN countries when entering the Chinese market. This will Greatly promote Pakistan’s exports to China. According to Pakistan’s official statistics, Pakistan’s exports to China in the 2017/18 fiscal year were only US$1.74 billion, while Pakistan’s exports to the United States were US$3.367 billion. After the implementation of the second phase of the China-Pakistan Free Trade Agreement, China is expected to surpass the United States and become Pakistan’s No. 1 A large export destination, the export volume is expected to grow to the level of 5 billion US dollars.
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