China Pakistan Bilateral Trade and Economic Corporation: Implications on Pakistan’s Trade
Abstract
The objective of the study is to explore the trade relations of Pakistan with China and find out balance of trade between the two. The context of the study is the trade size between China and Pakistan is insignificant. Therefore, it did not formulate a sustainable enterprise until the last decade. However, free trade agreement between both states from the mid of 2007 initiated new aspects of increasing bilateral trade. Pakistan has not formulated an effective trade policy with China, consequently, faced a huge trade deficit after the 1980s. In the wake of CPEC, Pakistan should adopt some suitable measures for the growth of domestic industry, balance of trade, and extraction of maximum benefits. The methodology is analytical and comparative. It suggests some measures that can decrease trade deficit of Pakistan viz a viz China.
Authors
Rifat Rafeeq
M. Phil Scholar, Department of Political Science, Bahauddin Zakariya University, Multan, Punjab, Pakistan
Dr. Muhammad Imran Pasha
Lecturer, Department of Political Science, Bahauddin Zakariya University, Multan, Punjab, Pakistan
Saira Akram
Lecturer, Department of Political Science, Bahauddin Zakariya University, Multan, Punjab, Pakistan