Is China taking advantage of Pakistan ?

[pakpride00090]

Excerpt:

The Pak-China Agreement in Goods was signed on November 24, 2006 and implemented from 1st July 2007. The agreement envisaged two phases. Under Phase-I, Pakistan reduced tariffs to zero duty on 2,423 tariff lines, whereas China reduced duty to zero on 2,681 tariff lines. The agreement in Services was signed on 21st February 2009 and the first phase got implemented from 2007-2012.

Post CPFTA, the bilateral trade went up from $4.777 billion in 2007-8 to $16.597 billion, with Pak exports and imports at $1.463 billion and $15.143 billion respectively.

China has FTA with Chile, New Zealand, Singapore, Peru, Costa Rica, and ASEAN etc. When Asean-China FTA went into effect in 2010, Pakistan registered preference erosion on tariff lines that amounted to 79 percent of its export volume to China. The main tariff lines include cotton yarn, garments, leather and fish.

China granted

• New Zealand 94% of tariff lines at zero % duty, with
  
  
• Malaysia 94% of tariff lines at zero % duty,
  
  
• Indonesia 93% of tariff lines at zero % duty,
  
  
• Thailand 93% of tariff lines at zero % duty,
  
  
• Philippines 93% of tariff lines at zero % duty and
  
  
• Pakistan only around 35% of the tariff lines at zero % duty.
  

Pakistan could only export in 253 tariff lines, where average export value was $500 or more, which is around 3.3% of the total tariff lines (7550). Pakistan mainly exported raw materials and intermediate products such as cotton yarn, woven fabric, grey fabric etc. Value added products were missing.

https://www-thenews-com-pk.cdn.ampp...end-duty-free-access-on-313-more-tariff-lines

 

[Beast]

Another foolish pakistanis easily misled by indian or western imperialism.

 

[doorstar]

Another foolish Pakistani easily misled by indian or western imperialism.

do you mean the newspaper or the OP

 

[CriticalThought]

The trade deficit is because of the ineptitude of corrupt Pakistani governments and officials who made decisions that hurt Pakistan's exports at all levels and to all countries. With an industry that had no gas and electricity, uneducated workforce, and no industrial setup, what could Pakistan realistically export? Thankfully the current government is taking measures to change this, but it will take time to come into effect.

 

[Wow]

Short answer no

Long answer NOOOOOOOOOOOOOOOOOOOO

 

[beijingwalker]

Excerpt:

The Pak-China Agreement in Goods was signed on November 24, 2006 and implemented from 1st July 2007. The agreement envisaged two phases. Under Phase-I, Pakistan reduced tariffs to zero duty on 2,423 tariff lines, whereas China reduced duty to zero on 2,681 tariff lines. The agreement in Services was signed on 21st February 2009 and the first phase got implemented from 2007-2012.

Post CPFTA, the bilateral trade went up from $4.777 billion in 2007-8 to $16.597 billion, with Pak exports and imports at $1.463 billion and $15.143 billion respectively.

China has FTA with Chile, New Zealand, Singapore, Peru, Costa Rica, and ASEAN etc. When Asean-China FTA went into effect in 2010, Pakistan registered preference erosion on tariff lines that amounted to 79 percent of its export volume to China. The main tariff lines include cotton yarn, garments, leather and fish.

China granted

• New Zealand 94% of tariff lines at zero % duty, with
  
  
• Malaysia 94% of tariff lines at zero % duty,
  
  
• Indonesia 93% of tariff lines at zero % duty,
  
  
• Thailand 93% of tariff lines at zero % duty,
  
  
• Philippines 93% of tariff lines at zero % duty and
  
  
• Pakistan only around 35% of the tariff lines at zero % duty.

Pakistan could only export in 253 tariff lines, where average export value was $500 or more, which is around 3.3% of the total tariff lines (7550). Pakistan mainly exported raw materials and intermediate products such as cotton yarn, woven fabric, grey fabric etc. Value added products were missing.

https://www-thenews-com-pk.cdn.ampproject.org/v/s/www.thenews.com.pk/amp/457939-china-to-extend-duty-free-access-on-313-more-tariff-lines?usqp=mq331AQCCAE=&amp_js_v=0.1#referrer=https://www.google.com&amp_tf=From %1$s&ampshare=https://www.thenews.com.pk/print/457939-china-to-extend-duty-free-access-on-313-more-tariff-lines

Simple question, if that's true, why would China do it?

 

[pakpride00090]

Simple question, if that's true, why would China do it?

China is only interested in Chinese interest. Pakistani Politicians are stupid and incompetent. That is why China is taking maximum benefit out of it. We export 1.5 Billion of goods while China exports 20 Billion of goods to us. This is ridiculous and I don't know any Pakistani who would like it. Heck we don't even get tariff benefits from China.

Unfortunately , our politicians are not sincere with our country. They are not putting Pakistani interest at heart.

 

[beijingwalker]

China is only interested in Chinese interest. Pakistani Politicians are stupid and incompetent. That is why China is taking maximum benefit out of it. We export 1.5 Billion of goods while China exports 20 Billion of goods to us. This is ridiculous and I don't know any Pakistani who would like it. Heck we don't even get tariff benefits from China.

Unfortunately , our politicians are not sincere with our country. They are not putting Pakistani interest at heart.

First, every country takes care of their own interest first, tell me one exception if you can. second China has huge trade surplus with almost every country on this planet, especially with US and India.

You sound like that China only targets Pakistan for unbalanced trade, that's not true, Pakistan at least by now is not a significant trading partner of China's, China's huge unprecedented investment is largely because of the long term friendship with Pakistan, China had never risked huge investment in disputed land cause that means you may lose everything if the fat hit the fire, but China made an exception for Pakistan by massively investing in disputed Kashmir, that investment also means unmendable deterioration in relations with India, which might be one of the largest markets for the Chinese products.

Now tell me why China riskes so much just to exploit and take advantage of an currently insignificant trading partner Pakistan? It just doesn't make any sense, giving up a huge market just for taking advange of a small, who in their sane mind will do this?

 

[doorstar]

China is only interested in Chinese interest. Pakistani Politicians are stupid and incompetent. That is why China is taking maximum benefit out of it. We export 1.5 Billion of goods while China exports 20 Billion of goods to us. This is ridiculous and I don't know any Pakistani who would like it. Heck we don't even get tariff benefits from China.

Unfortunately , our politicians are not sincere with our country. They are not putting Pakistani interest at heart.

real Pakistani in Pakistan would know that Pakistan DOES NOT have much to export to China ATM. heck not so long ago its infrastructure resembled that of bongland. hence there was not much point in manufacturing anything because no-one would buy something that CANNOT be delivered, and besides that nothing can be made without energy in the first place!

P.S
a country needs energy supply in order to make anything and transport infrastructure to deliver it. which is being rectified by China as we speak (or is it write?)

 

[maithil]

No. China is the best friend of Pakistan in particular and Muslims in general with absolutely no ulterior motives.

 

[Chinese-Dragon]

A Current Account Deficit has little to do with trade policy, it is fundamentally about an imbalance between domestic savings and domestic investment.

It has to do with domestic economic policies, where Governments love to increase spending (to get more votes), which leads to a reduction in overall savings. When domestic investment is higher than domestic savings, the difference has to be made up from overseas, thus a country with a Current Account Deficit is a net borrower.

In Current Account Surplus countries like China, domestic savings is higher than domestic investment, thus the excess will flow overseas, meaning that China is a net creditor nation.

Don't like it? Tell your Government to stop boosting spending for votes, carry out some necessary economic reforms (such as tax reform), accept some economic suffering in the short-term, in order to build a base for long-term competitiveness.

The problem is, no one wants short-term economic pain. No one wants to see lower income growth and higher unemployment. So they spend, spend spend. And spend some more. No one wants to tighten their belt and live within their means. That's why you need courageous leaders who are willing to push it through.

 

[beijingwalker]

China accounts for 89 percent of Pakistan's FDI inflows
http://www.cpecinfo.com/news/china-accounts-for-89-percent-of-pakistan-fdi-inflows/NjQyMw==

China is almost the only country that invests in Pakistan, there is a reason why others tend to avoid it, Pakistan's investment environment is not up to par yet and social stability is a big question.
Now you call China coming here to exploit and take advantage of you, what do you call everyone else who avoids your country? Friends who avoid taking advantage of your country?

 

[武成王]

China is only interested in Chinese interest. Pakistani Politicians are stupid and incompetent. That is why China is taking maximum benefit out of it. We export 1.5 Billion of goods while China exports 20 Billion of goods to us. This is ridiculous and I don't know any Pakistani who would like it. Heck we don't even get tariff benefits from China.

Unfortunately , our politicians are not sincere with our country. They are not putting Pakistani interest at heart.

This has nothing to do with corrupted politician, all trade agreements are MUTUAL, I'm sure Pakistan impose high tariffs on imported items from China as India has done. You should read another side of the story to draw a relative complete conclusion. China has no motivation to 'take advantage of Pakistan' since Pakistan economy is already very weak and quickly widen its gap against India, this is contradict to China's South Asia strategy.

Pakistan need upgrade its industries to become competitive and CPEC is an initiative to help solve this issue at state level.

 

[beijingwalker]

Why recently a group of Pakistani posters start to attack China on trade relations , loans, Xinjiang Uighurs, fake marriages... are they true Pakistanis or false flaggers?

As a friendly country I don't remember any Chinses posters attack Pakistan on anything, even after Chinese nationals and embassy were killed and attacked, we all cheer for the actions Pakistani government took and achieved, not blame for what they failed.

 

[doorstar]

Why recently a group of Pakistani posters start to attack China on trade relations , loans, Xinjiang Uighurs, fake marriages... are they true Pakistanis or false flaggers?

how do we know that they are Pakistanis. and even if some of them are, have you not heard of hussain haqqani, tariq fateh et. al? some Pakistanis are as anti-Pakistan as any Hindutvi (if not more)