Islamabad: Even though Pakistan’s trade volume with China was just one-fifth of India’s in 2020, a Pakistan official predicted that Pakistan might overtake India in trade with China in only eight years. In 2020, bilateral trade between China and Pakistan was $17.49 billion, whereas it was $77.7 billion between China and India.
The connection between China and Pakistan has become stronger, with more investment. According to Zaman, exports from Pakistan to China have increased by 34% year-to-date as a result of the bilateral free trade deal.
Experts also pointed out that Pakistan has an edge in that the CPEC has enhanced the country’s infrastructure and set the ground for its industrialization. In the future decade, Pakistan will have greater demand for imports and more items to sell to China.
The construction of a string of industrial parks will also help Pakistan to improve the quality of its exports, some of the potential items Pakistan could export to China include copper, for which there is great demand in China, as well as cotton, sugar and textile products.