China-Pakistan Free Trade Agreement to promote business: Razak Dawood

Lahore : Advisor to Prime Minister on Commerce, Textile
Industry, Production and Investment Abdul Razak Dawood on Saturday
said that the second phase of China-Pakistan Free Trade Agreement
(FTA) was a great opportunity to benefit from.

He said this while addressing a seminar on ‘Business Opportunities
under China-Pakistan Free Trade Agreement’ held at Expo Centre here.
He said, “In July, he will visit Japan, where he will hold talks
about Pakistan getting access to Japanese market. Efforts will also be
made to access the Korean market.”

Abdul Razak Dawood said that Indonesia had given 20 tariff lines,
which would be duty-free. He said a facility of safeguard measures was
also available under the FTA to provide protection to local industry
from any threats.

Industrial development was vital for increasing exports, he said
adding that the industry was heading towards betterment and there was
a need to widen our product range.

The advisor said the process for making an industrial policy was
under way and prudent policies would help excel in the world market in
an efficient way.

Joint Secretary Shafiq gave detailed presentation on China-Pakistan
FTA and briefed about the gains of its Phase-II. Federal Commerce
Secretary Sardar Ahmed Nawaz Sukhera was also present.