Saturday, December 18, 2010

Pakistan to China to submit a new batch of free trade agreements under the export product list

As far as Pakistan the commercial record reported on 9 July reported that the recent China has received most of the Pakistan a new batch of free trade agreements (FTA) to export the list of goods, including textiles, mechanical and electrical products, chemical products, fresh fruit and vegetables for a total of 263 class.

Pakistan Cabinet considers that, in the past signed free trade agreements encourage imports rather than exports. A number of free trade agreements signed before not analyse its potential benefits and drawbacks. The local Chamber of Commerce also complain about bad sign preferential trade agreements and free trade agreement with the former does not.

A few months ago, expert audit CMB free trade agreement implementation found that Palestinian exports to China expected growth does not appear. Thus, the Palestinian side to increase under the free trade agreement with China export products. According to the report, if the export list was accepted, the annual increase of 10 million to 15 million in exports to China.

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