A newly implemented deal between Beijing and Islamabad will eliminate tariffs on hundreds of products, a move which is expected to provide a billion-dollar boost to bilateral trade.
The Free Trade Agreement (FTA)–II, which started on Wednesday, will waive or ease 75 percent of tariffs imposed by each country, over a period of 15 years. Beijing will immediately drop tariffs on more than 300 Pakistani exports, including textiles and garments, seafood and leather.
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