Question

Pakistan has signed Free Trade Agreement (FTA) and a five year investment package with

• A. USA
• B. European Union
• C. China
• D. Russia

Answer 1

The Correct Option is C

Pakistan has entered into a Free Trade Agreement (FTA) and a five-year investment package with China. To understand this arrangement, it's crucial to look at some key aspects:

1. Background: Pakistan and China have a long-standing relationship, particularly in economic partnerships through initiatives like the China-Pakistan Economic Corridor (CPEC).
2. Free Trade Agreement (FTA): This agreement allows for the elimination or reduction of tariffs, quotas, and trade barriers, fostering increased trade between Pakistan and China.
3. Investment Package: The five-year investment package is designed to bolster economic collaboration through investments in sectors such as infrastructure, energy, and technology.
4. Benefits:
   • Increase in bilateral trade.
   • Enhanced economic growth and job creation.
   • Improvement in infrastructure and development in Pakistan.

This strategic partnership strengthens Pakistan's economic position with one of its most important allies, China.