According to Pakistani media reports, prime minister of Pakistan business, textile, industrial production and investment advisors ABU toure - belt - a daud says, Pakistan and China free trade agreement (FTA), the second phase will be effective from December 1, 2019, to help Pakistan and the association of southeast Asian nations (ASEAN) equal status in the Chinese market, to provide manufacturers especially in garment industry tariff a huge chance to relax, in order to increase its exports.
'this is good for Pakistan because it will provide an opportunity for our textile industry to focus on value added,' he said, referring to low exports of yarn and fabric. He says the government is taking different steps to increase exports, including taking back traditional markets as well as entering new ones. He also noted that many Chinese textile companies have already started operations in Lahore and faisalabad, Pakistan. (source: China trade news)