TDAP sets up China Focus Cell

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KARACHI: Trade Development Authority of Pakistan (TDAP) has established a dedicated China Focus Cell at TDAP headquarter Karachi on the directives of the Secretary TDAP.

TDAPís newly set up China Focus Cell, headed by Director General (Marketing Division Asia) will highlight trade opportunities for Pakistan in China and act as a catalyst in bringing about desired results in coordination with all relevant quarters.

Over the years China has become key trading partner of Pakistan, resulting in increase in export to China, which reached $2,620 million in the year 2012 from $436 million in the year 2005.

This increase is predominantly attributed to Pakistanís engagement in Free Trade Agreement (FTA) with China that came into effect in July 2007 whose second phase has started this year. Pakistanís imports from China stood at $6,687 million in the year 2012 indicating hefty trade gap which needs to be tilted in favor of Pakistan through proactive participation of all stakeholders. The Chinese market is attractive for a number of Pakistani products especially textile and textile products, leather and leather garments, fresh fruits, seafood, cutlery, cement, ores, marble and handicrafts.

Development of Kashgar-Gwadar Economic Corridor will be extremely helpful in bridging gap between Gwadar Baltistan and N W Region of China by bringing tremendous trade opportunities in the region. staff report

Courtesy: †Daily Times

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