CPFTA-II phase comes into effect on December 1

The 2nd phase of CPFTA has come into effect from 1st Dec’19, allowing Pakistani manufacturers and traders to export around 313 new products on zero duty to Chinese market. The new facility will particularly benefit textile sector and there are a number of other items particularly leather and agriculture products as well as confectionery and biscuits etc which Pakistani manufacturers can export to China. Pakistan can now increase its export around $ 1Bn in short term while the export of these items are likely to touch $ 4-5Bn in medium term after setting up new industries in SEZs being constructed under CPEC flagship project.