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The China–Pakistan Free Trade Agreement (CPFTA) is a free trade agreement (FTA) between the People's Republic of China and the Islamic Republic of Pakistan that seeks to increase trade and strengthen the partnership between the two countries.
2013 – Chinese Premier Li Keqiang visits Pakistan. Trade between China and Pakistan hit a 12-month figure of $12 billion for the first time in 2012. [114] 2013 – On 5 July 2013, Pakistan and China approved the Pak-China Economic Corridor which will link Pakistan's Gwadar Port on the Arabian Sea and Kashgar in Xinjiang in northwest
China and Pakistan already conduct trade via the Karakoram Highway. The CPEC projects involve reconstruction and upgrades to National Highway 35 (N-35), which forms the Pakistani section of the Karakoram Highway (KKH). The KKH spans the 887 kilometers between the China-Pakistan border and the town of Burhan, near Hasan Abdal.
Pakistan has bilateral and multilateral trade agreements with many nations and international organizations. It is a member of the World Trade Organization, part of the South Asian Free Trade Area agreement and the China–Pakistan Free Trade Agreement. Fluctuating world demand for its exports, domestic political uncertainty, and the impact of ...
The Quadrilateral Traffic in Transit Agreement (QTTA) (Urdu: معاہدہِ چار طرفہ ٹریفک گذرگاہ) is a transit trade deal between China, Pakistan, Kyrgyzstan and Kazakhstan for facilitating transit traffic and trade. In February 2017, Tajikistan expressed interest in joining the deal. [1]
The agreement was part of an overall tightening of association with China for Pakistan, which resulted in Pakistan's distancing from the United States. [ 11 ] [ 12 ] [ 13 ] After defining borders, the two countries also entered into agreements with respect to trade and air-travel, the latter of which was the first such international agreement ...
Legislation to revoke China’s Permanent Normal Trade Relations was introduced Thursday by a bipartisan pair of House lawmakers, building on a Republican effort last year to repeal Beijing’s ...
These projects will be financed by concessionary loans, with composite interest rates of 1.6%, [21] after Pakistan successfully lobbied the Chinese government to reduce interest rates from an initial 3%. [22] The loans are subsidised by the government of China, and are to be dispersed by the Exim Bank of China and the China Development Bank.