Staff Reporter
Quetta
The Ministry of Commerce and Trade Development Authority of Pakistan (TDAP) organized an awareness seminar on the 2nd phase of China-Pakistan Free Trade Agreement here on Monday. The seminar was one of the many from a series of seminars being organized by the Ministry of Commerce and TDAP across the country to disseminate the trade and export opportunities arising out of CPFTA-II, which has become operational from 1st January, 2020.
Dr. Muhammad Hamid Ali, Joint Secretary, Ministry of Commerce, Islamabad welcomed the distinguished guests. Speaking on the occasion, he briefed the audience about the 2nd phase of CPFTA, which offers an enhanced market access to Pakistan. He apprised that under CPFTA-II, China has eliminated the tariff on 313 high priority tariff lines of Pakistan’s export interest, providing Pakistan a preferential treatment. He stated that safeguard measures and balance of payment clauses are included under the CPFTA II to protect local industry.
