BEIJING, Feb 09 (SABAH): China has agreed to accommodate Pakistan’s demands in the amended Free Trade Agreement to be signed next month.
The Chinese side conveyed the willingness during the ninth round of negotiations on the FTA in Beijing.
During talks, Pakistani delegation led by Secretary Commerce Mohammad Younus Dagha presented the demands of Pakistani exporters and industries for accommodating in the final draft of the free trade agreement.
The demands included providing tariff concessions equivalent to the ASEAN countries. The secretary commerce also suggested incorporating clauses for safeguarding the industries and the economy from any undue pressure on the balance of payments position.
Chinese side also agreed on Electronic Data Exchange which will help reducing the chances of under invoicing. It may be mentioned that these negotiations had started in 2012 to finalize the revised version of FTA.