Bilateral Trade & Exports Boosting b/w Pakistan & China
Bilateral trade & exports with China have many benefits for Pakistan ...! |Courtesy by Tribune| 👨💻 |Prepared by@RamzanAwan| There are vast benefits of trade with China. Currently, China ranks as the second-largest market for Pakistani products with a 7% share, while the US has a share of 16.7% in total exports. China is also the second-largest source of the country’s imports...! Trading Overview...! China's imports from Pakistan reflect a downward trend whereas China's exports to Pakistan are on an upward trajectory. Bilateral trade , which stood at US$ 1.3 billion in 2002,reached US$ 19.08 billion in 2018. Imports from China stood at US$ 12.7 billion and exports from Pakistan to China at US$ 1.85 billion in 2019...! Owing to the free trade agreement there has been a surge in exports to China.The trade growth has increased by up to 26% because of the free trade policy from 19%...! Chi...