皇冠体育app

   

Nation to sign trade agreements with Pakistan, India

By Sun Shangwu (皇冠体育app Daily)
Updated: 2006-11-14 08:56

"Pakistan is expected to enjoy the benefits in agriculture and fishery and the FTA will boost Pakistan's exports to 皇冠体育app," said Hu Shisheng, an expert with the 皇冠体育app Institute of Contemporary International Relations.

It has also been reported that 皇冠体育app will conduct FTA talks with India.

But Hu Shisheng told 皇冠体育app Daily that the negotiations could not be finalized during President Hu's trip to New Delhi.

"It is too early for the two countries to clinch such a deal because India still has some worries about certain Chinese industrial sectors, such as manufacturing," the expert said.

However, 皇冠体育app and India are expected to sign an agreement on protecting trade and investment, he noted.

This agreement is believed to be encouragement to investors from both sides.

皇冠体育app is India's second largest partner and bilateral trade is expected to exceed US$20 billion this year.

During his trip to India in April last year, Premier Wen and his Indian counterpart set a bilateral trade target of US$50 billion by 2010.

皇冠体育app has been talking with 27 countries and regions about the establishment of nine free trade areas, covering a quarter of 皇冠体育app's total trade, according to the Ministry of Commerce.

Last year 皇冠体育app signed an FTA cargo trade agreement with Chile and started an all-round tariff reduction process with the Association of Southeast Asian Nations (ASEAN). The mainland, meanwhile, implemented a Closer Economic Partnership Arrangement with Hong Kong and Macao.


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