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The China–Pakistan Free Trade Agreement (CPFTA) is a free trade agreement (FTA) between the People's Republic of China and the Islamic Republic of Pakistan that seeks to increase trade and strengthen the partnership between the two countries.
China and Pakistan already conduct trade via the Karakoram Highway. The CPEC projects involve reconstruction and upgrades to National Highway 35 (N-35), which forms the Pakistani section of the Karakoram Highway (KKH). The KKH spans the 887 kilometers between the China-Pakistan border and the town of Burhan, near Hasan Abdal.
2013 – Chinese Premier Li Keqiang visits Pakistan. Trade between China and Pakistan hit a 12-month figure of $12 billion for the first time in 2012. [114] 2013 – On 5 July 2013, Pakistan and China approved the Pak-China Economic Corridor which will link Pakistan's Gwadar Port on the Arabian Sea and Kashgar in Xinjiang in northwest
China has become the world's second largest economy by GDP (Nominal) and largest by GDP (PPP). 'China developed a network of economic relations with both industrial economies and those constituting the semi-periphery and periphery of the world system.' [1] Due to the rapid growth of China's economy, the nation has developed many trading partners throughout the world.
Pakistan has bilateral and multilateral trade agreements with many nations and international organizations. It is a member of the World Trade Organization, part of the South Asian Free Trade Area agreement and the China–Pakistan Free Trade Agreement. Fluctuating world demand for its exports, domestic political uncertainty, and the impact of ...
WASHINGTON (Reuters) -Pakistan has received "significant financing assurances" from China, Saudi Arabia and the United Arab Emirates linked to a new International Monetary Fund program that go ...
The agreement was part of an overall tightening of association with China for Pakistan, which resulted in Pakistan's distancing from the United States. [ 11 ] [ 12 ] [ 13 ] After defining borders, the two countries also entered into agreements with respect to trade and air-travel, the latter of which was the first such international agreement ...
Pakistan, China-Pakistan Free Trade Agreement (2006) [14] New Zealand, China-New Zealand Free Trade Agreement (2008) [15] Singapore, China-Singapore Free Trade Agreement (2009) ASEAN, China-ASEAN Free Trade Area (2010) Republic of China (Taiwan), Economic Cooperation Framework Agreement (2010) Peru, China-Peru Free Trade Agreement (2010)