FPCCI fears CPFTA-II may not benefit Pakistan
(WorldNews Pakistan)

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday expressed fears that Pakistan might not be able to take advantage of opportunities under Phase II of China Pakistan Free Trade Agreement (CPFTA-II) due to shortage of surplus quantities of exportable goods. FPCCI President Mian Anjum Nisar said despite elimination of duties on 313 tariff lines covering most of Pakistan’s exports under CPFTA-II, Pakistan might fail to gain much from the agreement. “During Phase I of China Pakistan FTA, the balance of trade remained greatly in favour of China which managed to export 57 percent of its product lines, while Pakistan could take advantage of only 5.0...