Pakistani products expected to get tax-free access at massive Chinese market, Razzaq dowood

All the major exports of the country especially value-added textile items would have better excess into Chinese market: The Commerce adviser

LAHORE: Islamabad is expected to get tax-free access for the entry of 313 Pakistani products into the Chinese market from next month, under an upgraded free trade agreement with Beijing, According to the commerce adviser.

Adviser to Prime Minister Razaq Dawood said the second phase of the FTA with China was going to be operational from 1st December 2019.

The Commerce adviser said at addressing a world fashion convention, The phase-II is going to facilitate the access of 313 top export items into Chinese market. After this agreement all the major exports of the country especially value-added textile items would have better excess into Chinese market.

Dawood said this would help Pakistan come at par with the south east Asian economies in Chinese market, providing a huge opportunity of tariff relaxation to the manufacturers especially the garment sector to enhance their export volume with growth potential of 20 times.