According to the Adviser to Prime Minister on Commerce Abdul Razak Dawood, Pakistan is looking for cooperating with China in geographical areas and products.
The adviser, in an interview with the China Economic Net, said that the Chinese government has provided Pakistan with an opportunity to export more items other than textile, leather and agricultural products. Other items that will be exported are chemicals and engineering goods.
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The advisor told China Economic Net that, “We see it as the perfect opportunity to enhance collaboration with Chinese companies. The second phase of the Pakistan-China Free Trade Agreement (FTA) will become operational from the first of December.”
He termed it a multi-faceted agreement. State Bank of Pakistan data revealed that the revised total exports to China from Pakistan increased to $106 million in the previous fiscal year i.e. from July 2018 to June 2019.
He was asked whether the exports to China of Pakistan will be increased by 10 times till the end of the present fiscal year. Dawood said, “I hope so, this is the type of thing that we absolutely want to do.”
Adding, “I look forward to that type of growth. We have a tremendous interest in enhancing exports to China.”