ISLAMABAD: Pakistan and China have agreed to expedite negotiations on China-Pakistan Free Trade Agreement-II and stressed the need for its early conclusion.
This was decided at a meeting between Minister for Commerce Khurram Dastgir Khan and his Chinese counterpart Gao Hucheng in Beijing.
The two sides decided that the Tariff Reduction Modality for the second phase of the Agreement would be finalised soon.
Dastgir Khan reiterated Pakistan’s stance that the second phase of CPFTA should be based on the principle of less than equal reciprocity in favor of Pakistan.
Khurram Dastgir said Pakistan will ensure the delicate balance between providing requisite policy safeguards to domestic manufacturing and the welfare of consumers.
The Commerce Minister apprised his Chinese counterpart about the problems being faced by Pakistani exporters at the Sust land port.
The Chinese minister assured Dastgir Khan to resolve the issues faced by Pakistani exporters at the earliest.