Who do you think would benefit more from free trade between Pakistan-China trade?
Pakistan or China?
Whoever benefits more from this relationship, I think trading with China instead of America will be more beneficial for Pakistan in the long run.
A senior Chinese trade official said Friday that trade between China and Pakistan could double within five years to hit 15 billion U.S. dollars in 2015.
Chinese Minister of Commerce Chen Deming made the remarks when addressing the China-Pakistan Economic Cooperation Forum, held on the sidelines of Pakistani President Asif Ali Zardari’s working visit in China.
Pakistan is China’s second largest trading partner in south Asia, while China is Pakistan’s fourth largest trading partner, second largest source of imports and seventh largest exporting market.
Bilateral trade in the first five months of this year reached 3.3 billion U.S. dollars, up 31 percent. China’s investment in Pakistan has expanded from resources, home appliances to communications and finance.
China and Pakistan signed a free trade agreement in November 2006, which came into effect on July 1 2007.