Linyi Council for the promotion of international trade will launch the issuance of preferential cert

From November 10, 2021, Linyi Council for the promotion of international trade will start the issuance of certificates of origin under the China Pakistan Free Trade Agreement. This indicates that CCPIT has achieved full caliber issuance of certificates of origin under 16 free trade agreements signed and entered into force in China, involving 24 countries and regions.

At present, China is highly complementary to Pakistan in terms of import and export commodity structure, and has extensive cooperation in the fields of industrial manufactured products, agricultural products, energy, clothing and so on. China's imports from Pakistan are mainly primary products such as cotton yarn, textiles, grain and mineral sand, among which cotton yarn, grain and mineral sand have long occupied the top three of China's imports from Pakistan; China's exports to Pakistan are becoming more and more diversified, and the proportion of mechanical and electrical products is increasing year by year. The main export commodities are electrical machinery, boilers, mechanical equipment, steel and its products, chemical fibers, organic chemicals, plastic products, etc. Pakistan is China's largest investment destination in South Asia. In 2020, China's non-financial direct investment in Pakistan was US $48.09 million, mainly concentrated in hot fields such as steel production, textile processing, tire manufacturing and motorcycle production.

This time, after launching the issuance of certificates of origin under the China Pakistan Free Trade Agreement, Linyi Council for the promotion of international trade will guide enterprises to smoothly declare and use certificates in strict accordance with the rules of origin and visa procedures of the China Pakistan agreement, and do a good job in the comprehensive electronic issuance of certificates with high standards, so as to ensure that certificates can be printed without obstacles, Actively improve the issuance level and service quality of certificates, and promote the rapid development of China Pakistan Economic Corridor.

Source: temporary financial media