CPEC Phase-II Launches with Fresh Agreements Between Pakistan and China

The second phase of the China-Pakistan Economic Corridor has begun with new agreements enhancing agriculture and industry, granting Pakistani products duty-free global market access.

New Agreements Mark CPEC Phase-II

ISLAMABAD (Web Desk) – The second phase of the China-Pakistan Economic Corridor (CPEC) has been launched with the signing of several significant agreements between the two nations. This new phase focuses on enhancing collaboration in agriculture and industry, aiming to elevate the productivity and quality of these sectors.

Enhanced Trade Opportunities

Among the major developments is a $400 million agreement between Pakistan’s International Innovation Park Limited and China National Cereals, Oils, and Foodstuffs. This partnership will enable numerous Pakistani products to gain duty-free access to global markets, providing a boost to national exports and economic growth.

Future Focus on Digital Transformation

Additionally, a Memorandum of Understanding has been established to promote digital transformation and optimize supply chains in 200 textile factories. This initiative aims to strengthen cooperation in the textile industry, ensuring sustainable growth and improved efficiency in production processes.

Source : CPEC Phase-II begins with new agreements between Pakistan, China