China Pakistan Free Trade Agreement Products

Compared to tariffs offered to the country with the highest level of exports to China in 2018, Pakistan has already seen lower tariffs in 60 per cent of these products – these weapons have now risen to just over 70 per cent. However, 12% of product lines still face higher tariffs than China`s largest trading partner for this product. In order to determine the possibilities for Pakistan, several filters are applied to Priority 3 products. For example, under the 180-day emergency measure added by the protocol, domestic producers can now have access to safeguards suspending reduced tariffs, without first having to justify harm caused by imported products. Finally, I would like to say that CPFTA2 is making considerable improvements in Pakistan`s customs access to China. To seize this opportunity, Pakistan must ensure that its exporters can compete with Denander in China for market share in China. To this end, it will be important to address the non-tariff barriers identified in this report, including providing market information to China and providing services to assist in the coordination of trading partners between the two countries. At the same time, Pakistan`s competitive access to the Chinese market must be widely publicized internationally in order to generate interest from large multinationals for China via Pakistan. v. Electronic data exchange: In order to avoid misrepresentation and imputation of imports from China, an electronic data exchange system has been set up for trade under the free trade agreement.

On more than 80% of the CPFTA2 product lines imported by China, Pakistan will be offered tariffs lower or equivalent to those of China`s main trading partner. Nearly 40% of CPFTA2 products imported by China have been reduced under CPFTA2 compared to CPFTA2, and 45% of tariffs will now be available in China duty-free. A disaggregated analysis of Pakistan`s high-priority products shows considerable opportunities to expand and diversify exports to China, although there are still a small but significant number of product lines for which Pakistan still does not have competitive access to China, including rice, durum wheat, paper and cardboard and hormonal medicines. China Briefing is written and produced by Dezan Shira – Associates. The practice supports foreign investors in China and has since 1992 by offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen and Hong Kong. Please contact the support company in China at According to official data, Pakistan`s bilateral trade volume increased to about $15.6 billion in fiscal 2019, up from $2.2 billion in 2005. 2. In Phase II, Pakistan has provided enhanced and more in-depth concessions on the products of its export interests, the revision of the safeguard mechanism for the protection of domestic industry, the inclusion of the balance-of-payments clause as a safety valve against balance-of-payments difficulties and the effective application of electronic data exchange.

The CPEC refers to the Sino-Pakistan Economic Corridor, part of China`s Belt and Road initiative, an ambitious project linking Asia to Africa and Europe through land and sea networks to promote trade and stimulate economic growth.

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