CWR > Volume 4(2); 2018 > Insights
Report
Published online: September 1, 2018
DOI: http://dx.doi.org/10.14330/cwr.2018.4.2.08
Undergoing Re-negotiations between Pakistan and China for Free Trade Agreement
Hamid Mukhtar
Lahore High Court Bar Association
Room No 206, Bd. No 10, XiXi, Wensan Road, West Lake District, Hangzhou, 310007 P.R. China
Corresponding Author: hamid_mukhtar41@yahoo.com
ⓒ Copyright YIJUN Institute of International Law. This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
China-Pakistan Free Trade Agreement ("CPFTA") has been more favorable for China. Chinese exports to Pakistan have increased to an alarming situation, while Pakistani exports to China have not been increased significantly. Therefore, Pakistan's trade deficit with China has gained the shocking situation. Pakistani producers complain that the CPFTA 2006 was only favoring China. Currently, both countries are re-negotiating the CPFTA in order to create a balanced situation of bilateral trade and investment. The re-negotiations are aimed at overcoming the imbalance of trade that exists between the two countries. This essay encompasses the latest developments made under the re-negotiations of CPFTA.
Keywords : CPFTA, China, Pakistan, CPEC, Belt and Road, Free Trade Agreement
