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China urges Pakistanis to benefit from Free-Trade Agreement - Zameen News

China urges Pakistanis to benefit from Free-Trade Agreement

August 14, 2019 • news

Islamabad: Deputy Chief of Mission at the Chinese Embassy in Islamabad, Zhao Lijian has urged investors in Pakistan to benefit from the Free-Trade Agreement recently signed between the two countries, a news source reported. Under this agreement, China has offered Pakistan access to 90% of its market free of cost.

Read: China ready to expand CPEC’s scope to benefit people

Lijian reiterated that the China Pakistan Economic Corridor (CPEC) would help strengthen the economy of Pakistan. Details on how the projects – launched under the CPEC – will benefit various sectors in Pakistan is available online, he added.

The deputy chief also shared details on the CPEC projects completed so far. He said that 11 out of the 22 planned projects were recently completed, while the remaining projects were being developed at a brisk pace.

Read: Acres of land acquired for free trade zone in Gwadar

Highlighting the benefits of the multi-billion-dollar initiative, Lijian said that China aimed to develop and improve Pakistan’s industrial sector, help fix the energy crises, improve road and related infrastructure and modernise the Gwadar Port. In Pakistan, Beijing had focused on the development of basic infrastructural facilities and establishments of power plants during the last five years, he added.

According to Lijian, China aimed for industrial development in the country during the second phase of the CPEC. Projects planned for completion include the Quaid-e-Azam Industrial Park and the Rashakai and Dhabeji economic zones.