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China–Pakistan Free Trade Agreement
The China–Pakistan Free Trade Agreement is a major free trade agreement signed between the People's Republic of China and Pakistan.〔(What does the China-Pakistan Free Trade Agreement cover? )〕〔(Free Trade Agreement Between China and Pakistan ), World Bank〕〔(China-Pakistan FTA )〕〔(China-Pakistan free trade agreement on services to be in effect soon )〕 It was concluded in 2006 and entered into effect in July 2007.
Trade volume due to agreement between the two states was $13 billion in 2013, and reached to $20 billion by 2015 when both countries signed 51 agreements and Memorandums of Understanding (MoUs) for cooperation in different fields.〔(Enhanced business: ‘Pak-China trade reached $20b’ )〕 China had been contributing significantly to Pakistan’s imports even before the FTA was signed and has seen considerable improvement in its ranking after the FTA was implemented in 2007. By 2012, it was the source for 15% of Pakistan’s overall imports from the world as compared to 9.8% in 2006.〔(RULES OF ORIGIN FOR THE CHINA-PAKISTAN FREE TRADE AREA )〕〔(Pakistan-China FTA to become effective in October )〕
==Second Phase==
A Second Phase agreement is currently being negotiated between China and Pakistan. The second phase will lower tariffs further as well as normalize various trade procedures.〔http://www.dawn.com/news/1213122〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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