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[8] [10] Phase two of the CPFTA seeks to address these criticisms, enhance the trade relationship between the two nations, and further liberalise trade. [13] China and Pakistan aim to increase bilateral trade to US$15–20 billion by the completion of the second phase and eliminate tariffs on 75% of product lines. [8] [13]
Pakistan has been one of China's major trade partners. [71] According to China's custom statistics the bilateral trade volume for the calendar year 2017 crossed the US$20 billion mark for the first time. In 2017 China's exports to Pakistan grew by 5.9% to reach $18.25 billion whereas Pakistan's exports to China fell by 4.1% to $1.83 billion.
Pakistan's Prime Minister Shehbaz Sharif will visit China from June 4 to 8 on the invitation of President Xi Jinping, Pakistan's foreign ministry said on Friday. Chinese investment and financial ...
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.
China is willing to strengthen co-operation and promote solidarity with Pakistan but has urged it to guarantee the safety of Chinese organisations and personnel working there, China's foreign ...
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 third meeting of Pakistan-China JCM was held on 21 June 2024 in Islamabad. [6] [7] The meeting was co-chaired by Senator Ishaq Dar, the Foreign Minister, and Liu Jianchao, the head of the International Department of the Chinese Communist Party. Delegates from all the prominent political parties in Pakistan were present at the meeting. [2]
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 ...