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2024. 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. [1][2] Earlier agreements in the economic and trade relationship include the Preferential Trade ...
Exports. Pakistan's exports for the year 2015-2016 stood at US$21 Billion and imports were at US$44.76 billion for the same period. [5] Pakistan's exports increased more than 100% from $7.5 billion in 1999 to stand at $18 billion in the financial year 2007–2008. [6][7] Pakistan exports rice, kinnows, mangoes, furniture, cotton fiber, cement ...
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.
Import duty. Custom duties are levied according to the rates given in the First Schedule, which includes: Goods imported to Pakistan. Goods purchased in bond from one custom station to another. Goods brought from a foreign country to any customs station that are trans-shipped or transported without the payment of duty to another customs station.
M/s China Zhenhua Import and Export Co Ltd The Gwadar–Kashgar Crude Oil Pipeline is a planned initiative intending to build a crude oil pipeline connecting Gwadar , Pakistan to Kashgar , China. The project has approximated an investment of a substantial amount, around $10 billion, for the pipeline's construction.
International trade is the exchange of capital, goods, and services across international borders or territories [1] because there is a need or want of goods or services. [2] (see: World economy) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history ...
Khunjerab Railway. Khunjerab Railway (Urdu: خنجراب ریل راستہ), also known as China–Pakistan railway and ML-5, is one of several proposed railway lines in Pakistan, to be operated and maintained by Pakistan Railways. The current active line begins from Taxila Junction station and ends at Havelian station. A proposed extension ...
Global map of countries by tariff rate, applied, weighted mean, all products (%), 2021, according to World Bank. This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and services.
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