Pak-China FTA-2 to be effective from Jan 1, 2020

Trade under 2nd Pakistan-China FTA did not start from 1st Dec’19 as earlier claimed by Adviser to PM on Commerce, Abdul Razak Dawood. Rather, it is now likely to start from 1st Jan’20. However, Pakistan has notified its protocol on FTA-II, heralding that it has completed its all formalities and has attained all approvals at all official levels for trade under FTA-II. But, China has sought some days to attain some more approvals before enforcing trade modalities under FTA-II.  Under Phase-II of China Pakistan FTA, both countries will liberalize 75% of tariff lines for each other in a period of 10 years by China and 15 years by Pakistan.