China Will Give Zero Tariff Treatment To More Products In Pakistan In FTA
According to Pakistan's "dawn" reported on April 16th, after 7 years of negotiations, China finally agreed to give Pakistan and China ASEAN Free Trade Agreement to give ASEAN countries a similar level of market access concessions.
The Ministry of finance, Chang Mi Da GA, said China agreed to grant Pakistan zero tariff treatment to the 313 tariff products, covering most of Pakistan's exports to China.
According to the agreement, Pakistan will reduce tariffs on products of 75% tax to zero in 15 years, and China will achieve this goal for 10 years.
The second phase of the Sino Palestinian FTA negotiations lasted for 7 years. In April 13th, the agreement was signed between the Secretary of Commerce of Pakistan and vice minister of Commerce of China.
The two ministers of Commerce will sign the final version of the agreement at the end of this month at the end of the end of this year.
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