China-Pakistan Free Trade Agreement

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Chinese President Xi Jinping (L) shakes hands with Pakistani President Mamnoon Hussain in Islamabad, Pakistan, April 21, 2015. [Xinhua]

The China-Pakistan Free Trade Agreement (FTA) officially took effect in July 2007. The two countries signed the agreement on November 24, 2006. Negotiations were launched in April 2005 during former Chinese Premier Wen Jiabao's visit to Pakistan.

Since the establishment of China-Pakistan FTA, more business opportunities and convenience have been brought to the enterprises of the two countries and more benefits have been brought to consumers of the two countries. The bilateral trade volume has maintained rapid growth, increasing from US$6.9 billion in 2007 to US$16 billion in 2014 with an annual growth of about 15.3%.

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