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Pakistan's trade deficit with China is rising, prompting calls for export reforms and faster implementation of trade agreements.
Pakistan’s parliamentary commerce committee warns of a growing trade deficit with China, urging reforms to boost value-added exports in textiles, minerals, and halal meat, while pushing for faster implementation of the China-Pakistan Free Trade Agreement’s Phase III, including tariff cuts on 700 items and a proposed Green Channel at Khunjerab.
The committee highlights ongoing challenges like outdated trade deals, high energy costs, and technical barriers, calling for better accountability, diplomatic efforts, and solutions to stalled gold trade due to expired regulations.
Business leaders stress leveraging the China-Pakistan Economic Corridor and the U.S.-China trade shift to attract investment and diversify exports, urging Pakistan to become a proactive economic partner with China rather than a passive recipient.
El déficit comercial de Pakistán con China está aumentando, provocando llamados a reformas de exportación y una implementación más rápida de los acuerdos comerciales.