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Pak-China Free Trade Agreement’s Second Phase Comes Into Effect

ISLAMABAD – As the second phase of the China-Pakistan Free Trade Agreement (FTA) came into effect, Pakistani manufacturers and traders can now sell more than 300 goods on zero duty to China, Radio Pakistan reported on Monday.
Islamabad and Beijing have completed all the legal formalities for the implementation of the agreement, according to the details.
Throughout Pakistani Prime Minister Imran Khan’s visit to China, the two countries signed the protocol to enforce the agreement.
Pakistan is already enjoying zero duty on exports to China of 724 goods under the first free trade agreement signed in 2006 between the two countries.
Textiles, apparel, fish, poultry, other animal products, prepared food, fabrics, cosmetics, plastics, oilseeds, footwear as well as engineering goods like tractors, auto parts, and home appliance equipment are the main items on which tariffs have been removed.
(Sahar News Monitoring Desk)

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