Islamabad: Pakistan’s exports to China increased by more than 80% in the first half of 2021, and if current trends continue, the country is on track to reach a historic milestone of $ 3 billion by the end of the year, according to Pakistan Ambassador to China Moin ul Haq.
He told APP that bilateral commerce between Pakistan and China increased by 80% in the first half of this year compared to the same period the previous year.
He stated that the second phase of the China-Pakistan Free Trade Agreement was initiated last year, with promising outcomes.
“The Pakistan Embassy and Consulates in China are also establishing Pakistan pavilions and hosting promotional events in various places to promote Pakistani products and goods in the Chinese market,” he added.
“Because Pakistan is also competent at producing consumer goods, particularly in the textile, leather, sports goods, medical and food-related industries, and agriculture,” the source said, “there will be high Chinese demand in these areas.”
Textiles, fisheries, and agricultural items have seen year-on-year increases in trade between the two nations, resulting in higher Pakistani exports to China.
For more information and details, visit our website Tajarat Properties.