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China to accommodate Pakistan's concerns on FTA

After intense negotiations, China has agreed to accommodate the demands of Pakistani exporters in the amended Free Trade Agreement (FTA) which is expected to be signed in March. The Pakistani delegation was led by secretary gommerce Mohammad Younus Dagha while the Chinese side was headed by Vice Minister for Commerce Wang Shouwen. The demands included provision for tariff concessions equivalent to Asean countries.

The Free Trade Agreement (FTA) between Pakistan and China would be signed by mid March to increase trade between the two countries. The Chinese side also agreed on Electronic Data Exchange which would help rescuing the chances of under invoicing, another major concern of Pakistani industry.

The major focus of STPF would boost exports in the technology and Services Sector, competitiveness and investment linkages, particularly attraction of Foreign Direct Investment (FDI) in the export related Industry and integration of local industry into global value chain.