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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (50017)	11/20/2006 5:18:47 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

globalpolitician.com

To: IQBAL LATIF who wrote (50017)	11/24/2006 10:58:36 PM
From: JD	Respond to of 50167

BEIJING, Nov. 24 (Xinhua) -- China said Friday that it has a battery of plans to increase imports from Pakistan now that the two countries have signed an agreement on free trade area (FTA). China and Pakistan signed the deal earlier Friday in the presence of top leaders from both countries. The agreement is projected to triple current bilateral trade to 15 billion U.S. dollars within five years. Chinese Commerce Ministry Spokesman Chong Quan said here Friday that China has committed to helping Pakistan develop its exports and would do so as the China-Pakistan free trade area is built. China has arranged tax rebates for high-volume Pakistani exports to China. It will also grant favorable status to Pakistani products with export potential, said Chong, such as stones and rocks, leather, textiles, drugs and chemical products. Chong said China would facilitate Pakistani companies' participation in Chinese expos to showcase their products. According to the agreement due to take effect on July 1, 2007, China and Pakistan will reduce tariffs and remove non-tariff barriers to improve the trade environment.