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Tag Archives: FTA

Pak-China FTA: opportunities and pitfalls

  Creation of WTO and arriving at the agreement to give all countries equal opportunities ushered a new era in international trade. Simultaneously, different trade groups emerged to ensure collective wellbeing, NAFTA was the first to emerge, that was followed by European Union (EU) and the story continued. From Pakistan’s perspective it is member of ECO and SAARC but both these blocs have remained muted. RCD was broadened and given …

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Under FTA and PTA Agreement: Importance of trade with China, Iran, Turkey and Sri Lanka

  PTA is a bilateral agreement signed between two trading countries to trade certain products at reduced tariff and let go of them completely to ensure buyers of one country import from the other. Signing of PTA or FTA with any country will promote trade and foreign currency movement. The larger banks e.g. UBL, HBL , ABL, MCB and NBP are expected to lead the way with RMA arrangements to …

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China set to provide more favorable concessions under FTA

  Pakistan’s major imports from China are machinery, chemicals, garments and other textile products, construction material, tiles, sanitary wares and crockery. Pakistan enjoys huge export potential to China due to its advantages in agriculture, minerals, chemical, textile and leather products. Besides Pakistan has comparative advantage of oil seeds, fruits, base metals, plastic goods and perfumery etc. A large number of Chinese companies are working in Pakistan in oil and gas, …

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