Chinese Consul-General Li Bigian while speaking at a “Meet the Press” event at the Karachi Press Club (KPC) has said that under the Free Trade Agreement (CPFTA) Phase-II, Pakistani exports to China can be enhanced by $ 6 billion.
The first phase of the multibillion-dollar China-Pakistan Economic Corridor project (CPEC) has been concluded successfully and work is underway on its second phase in the country.
Last year on December 2, the second phase of the Pakistan-China Free Trade Agreement (FTA) had come into effect, allowing Pakistani manufacturers and traders to export over three hundred new tariff lines on zero duty to the massive Chinese market.
The two countries had completed all the legal procedures and formalities to start the implementation of the agreement.
