China lowers import tariff for many items under free trade agreements with Pakistan, other countries
BEIJING, Jan 1 (APP): China lowers tariff rates in accordance with the free trade agreements it has separately signed with Pakistan, New Zealand, Peru, Costa Rica, Switzerland, Iceland, Singapore, Australia, the Republic of Korea, Chile and Georgia, as well as the Asia-Pacific Trade Agreement, starting Wednesday (today).
The second phase of China-Pakistan Free Trade Agreement (CPFTA) allows the Pakistani manufacturers and traders to export around 313new products on zero duty to the Chinese market, according to official sources here.