{"id":51695,"date":"2019-04-26T16:21:36","date_gmt":"2019-04-26T11:21:36","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=51695"},"modified":"2019-04-26T16:21:36","modified_gmt":"2019-04-26T11:21:36","slug":"pak-china-fta-phase-ii-to-have-safeguard-mechanism","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pak-china-fta-phase-ii-to-have-safeguard-mechanism.html","title":{"rendered":"Pak-China FTA Phase II to have safeguard mechanism"},"content":{"rendered":"<p>Islamabad: A comprehensive safeguard mechanism has been put in place for the second phase of the China-Pakistan Free Trade Agreement (<a href=\"https:\/\/www.zameen.com\/news\/cabinet-approves-draft-of-fta-ii-with-china.html\" target=\"_blank\" rel=\"noopener noreferrer\">CPFTA-II<\/a>)), according to a news source. This FTA will be signed in Beijing on April 28, and will protect the local industries of Pakistan, said Adviser to Prime Minister on Commerce, Textile, and Industry Abdul Razak Dawood.<\/p>\n<p>Under CPFTA-II, a list of 1,700 \u2018sensitive\u2019 items has been provided \u2013 aimed at protecting local industries. Dawood stated that the hallmarks of this agreement were to provide local businesses with export access to the Chinese market and import protection.<\/p>\n<p>He also remarked that these mechanisms could be used to \u2018save\u2019 any industry damaged by the FTA, and to counter any problems in the balance of payments.<\/p>\n<p>After the CPFTA-II has been signed, Pakistan\u2019s exports to China are expected to increase by over USD 500 million. This development would also allow Pakistan to get market access at par with the Association of East Asian Nations (ASEAN).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: A comprehensive safeguard mechanism has been put in place for the second phase of the China-Pakistan Free Trade Agreement (CPFTA-II)), according to a news source. This FTA will be signed in Beijing on April 28, and will protect the local industries of Pakistan, said Adviser to Prime Minister on Commerce, Textile, and Industry Abdul Razak Dawood. Under CPFTA-II, a list of 1,700 \u2018sensitive\u2019 items has been provided \u2013 aimed at protecting local industries. Dawood stated that the hallmarks of this agreement were to provide local businesses with export access to the Chinese market and import protection. He also remarked that these mechanisms could be used to \u2018save\u2019 any industry damaged by the FTA, and to counter any problems in the balance of payments. After the CPFTA-II has been signed, Pakistan\u2019s exports to China are expected to increase by over USD 500 million. This development would also allow Pakistan to get market access at par with the Association of East Asian Nations (ASEAN).<\/p>\n","protected":false},"author":18,"featured_media":50129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11459,11460,8671],"persona":[],"class_list":{"0":"post-51695","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-cpfta-ii","8":"tag-free-trade","9":"tag-pak-china"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pak-China FTA Phase II to have safeguard mechanism - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: A comprehensive safeguard mechanism has been put in place for the second phase of the China-Pakistan Free Trade Agreement (CPFTA-II)),\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pak-china-fta-phase-ii-to-have-safeguard-mechanism.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pak-China FTA Phase II to have safeguard mechanism - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: A comprehensive safeguard mechanism has been put in place for the second phase of the China-Pakistan Free Trade Agreement (CPFTA-II)),\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pak-china-fta-phase-ii-to-have-safeguard-mechanism.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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