Under the Free Trade Agreement (FTA)-II between Pakistan and China, which is expected to be signed during Prime Minister Imran Khan’s visit to China for the Belt and Road Forum, Pakistan is expected to export more than 300,000 metric tons of sugar to China. With this rise in exports, Pakistan is expected to generate more than $110 million in revenue. It is also expected that Pakistan’s exports to China are expected to rise up to $3.2 billion by 2020, under the FTA-II.
ISLAMABAD: Pakistan will start exporting 300,000 metric tonnes (MT) of sugar to China from the month of June 2019.
Beijing has placed the order with Islamabad after signing the Free Trade Agreement (FTA), and resultantly the trade between both countries have surged.
Pakistan expects to generate more than 110 million US$ in revenue from the export of sugar to China.
Pakistan’s exports to China are expected to reach 2.2billion US$ in the ongoing calendar year and 3.2billion US$ in 2020.