Phase two of the much-touted China-Pakistan Free Trade Agreement came into effect as of Wednesday, said a trade official.
The new phase will allow Pakistani manufacturers and traders to export around 313 new products to the Chinese market with zero duties, Secretary Ministry of Commerce Ahmad Nawaz Sukhera said in a tweet.
The implementation of the agreement’s second phase, he added, would make 90% of China’s global imports duty-free for Pakistan.
“Confident that it will help our exports increase substantially,” he added.
Beijing earlier approved premature activation of the second phase of the pact with Pakistan, signed during