Our Correspondent
Beijing
Proportion of zero tariff between China and Pakistan to get increased from 35 to 75 percent with coming into force the 2nd Free Trade Agreement between the both countries. The proportion of zero tariff commodities will gradually increase, thus substantially raising the level of trade liberalization, says China Economic Net in its report published on Saturday. Quoting it’s special commentator Prof. Cheng Xizhong, the report stated the trade liberalization is a development trend, which has both advantages and disadvantages. In my opinion, the advantages are primary. First, it is conducive for the introduction of advanced technology and management experience. Second, it is conducive for promoting reform and improving international competitiveness. Third, it is conducive for the vast number of consumers to get cheap and high-quality products. China is an active promoter of trade liberalization, especially in order to increase the export of goods by friendly neighboring countries to China, China has adopted many preferential policies to gradually reduce the trade deficit of these countries with China.
