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Home » Business News, General Business News

Seminar on 2nd Phase of Pakistan-China Free Trade Agreement held

April 18, 2019

Karachi, April 18, 2019 (PPI-OT): The Ministry of Commerce and Textile and the Trade Development Authority of Pakistan organized a seminar on the “2nd Phase of Pakistan-China Free Trade Agreement” at a local hotel with an objective to brief the trade about the additional market access negotiated by the Ministry of Commerce in the 2nd phase of the FTA with China. The session was chaired by Mr. Abdul Razzak Dawood, Adviser to the PM for Commerce, Textile, Industry and Production; whereas Sardar Ahmad Nawaz Sukhera, Federal Secretary Commerce, Mr. Muhammad Sualeh Ahmed Faruqui, Secretary TDAP and Mr.Shafiq Ahmad Shahzad, Joint Secretary, Ministry of Commerce were also present.

The session was attended by the top notch businessmen of Pakistan, members of FPCCI, Associations and Chambers etc. The participants were briefed about the details of negotiations through a presentation by Mr. Shafiq Ahmad Shahzad, Joint Secretary, Ministry of Commerce, informing about the history of Pakistan-China FTA in its first phase, followed by the negotiations carried in the second phase.

He apprised the industry about the tariff reduction modalities and safeguard mechanisms for the bilateral trade with China especially the duty free access to Pakistan on 313 tariff lines in the Chinese market, which will considerably help Pakistan to reduce the trade gap with China. He further briefed about the existing tariff lines, Chinese import of these products from Pakistan and other countries and the capacity of our industry to meet the Chinese import requirements after the necessary access had been obtained.

Mr Abdul Razzak Dawood, Adviser to PM for Commerce, Textile, Industry and Production also addressed the trade and emphasized that FPCCI being an apex body representing private sector should establish a think-tank for FTA related matters. He further advised that our industry needs to enhance the quality of products as China will be offering market access of around 5 trillion USD by 2023. Afterwards, an open discussion session was held in which queries of businessmen were responded.

For more information, contact:
Director
Information and Communication Division
Trade Development Authority of Pakistan (TDAP)
3rd Floor, Block A, Finance and Trade Centre,
P.O. Box No. 1293, Shahrah-e-Faisal,
Karachi 75200, Pakistan
UAN: +92-21-111-444-111
Tel: +92-21-99206487-90, +92-21-99201526
Fax: +92-21-99206461, +92-21-99201526
Email: tdap@tdap.gov.pk, farooque.memon@tdap.gov.pk
Website: www.tdap.gov.pk

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