It was reported that the inclusion of unwrought aluminum in the first batch of the latest Pakistan-China Free Trade Agreement (FTA) was intended to create conditions to support the transfer of China's renewable metal industry.
At present, the import tariff of unforged rolled aluminum alloy imported from China to Pakistan is 5%, which is significantly higher than the zero tariffs from Malaysia and other ASEAN countries, which is not conducive to the investment of Chinese renewable aluminum enterprises in Pakistan.
With the signing of the new Pakistan-China FTA, unforged rolled aluminum alloy products have been included in the first batch of duty-free commodities through FTA under the efforts of all parties.
From December 1st, China will exempt unwrought rolled aluminum alloy made in Pakistan from tariffs.
China about to exempt tariffs on unwrought aluminum alloys from Pakistan
20 Nov 2019 14:15 reported by Lemon
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