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This phase increased bilateral trade between China and Pakistan by 242% between 2007 and 2018. [10] Contrastingly, greater exports from China than from Pakistan caused Pakistan's trade deficit with China to rise from 25% in 2007 to 35% in 2018, or around $13 billion.
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.
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 ...
Pakistan European Union China ... The following table shows figures for 30 largest bilateral trade volume in 2013 according to the World Trade Organization. [3]
Despite an extensive 1982 trade agreement, the volume of bilateral trade remains comparatively small at US$4.8 million. [373] Pakistan's total exports to Nepal are worth US$1.631 million while Nepal's exports to Pakistan tally US$3.166 million. [374]
Iran's President Ebrahim Raisi and Pakistan's Prime Minister Shehbaz Sharif vowed on Monday to boost trade between the neighbouring nations to $10 billion a year, as Raisi commenced a three-day ...
The China–Pakistan Economic Corridor is a major Belt and Road Initiative ... referring to the fact that the volume of trade between the two countries reached $50 ...