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COPYRIGHT 2006 Asia Pulse Pty Ltd
ISLAMABAD, Nov 28 Asia Pulse - The multi-billion-dollar free trade agreement (FTA) signed between Pakistan and China on Friday will allow free movement of goods and investment and could enhance the value of bilateral trade to US$15 billion by 2011. Both the sides agreed to scale down customs duty to zero per cent on 5,104 products in three years and on 3,942 items zero to five per cent within a period of five years after the implementation of the agreement.
Under the agreement, Pakistan would further reduce customs duty to zero per cent on 2,423 tariff lines and China on 2,681 tariff lines in the first three years of the agreement. Another tariff reduction in the range of zero to five per cent to be completed within five years would allow reduction...
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