Sound planning is key to achieving the full benefit from Free Trade Agreements with Central Asian countries
Regional integration and multilateral trade are beneficial for the participating countries provided that they tap the existing potential intelligently. The European Union and the ASEAN are relevant examples; their members set common goals for the prosperity of their peoples.
Pakistan, too, has been a member of regional trade blocs in the past and benefitted from such association. Lately, there has been a focus on increasing trade and cooperation among regional countries. This has been supported by the Asian Development Bank and the Central Asia Regional Economic Cooperation (CAREC) Institute under the CAREC framework. The CAREC is an inter-governmental forum representing 11 countries: Afghanistan, Azerbaijan, China, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan.
Exploring Exports Driven Growth: Learning from Pakistan-China Free Trade Agreement
December 17, 2020
XINJIANG, China: Changes in the subsidy policy of Pakistan proposed from exports diverting industries of textile and leather towards exports creating industries of beverages, rice, surgical Instruments and sports goods in a research by Anwar Shah et al. from Quaid-i-Azam University of Pakistan and Baku Engineering University of Azerbaijan who examined the impact of Pakistan-China free trade agreement (FTA) on exports creation under the Central Asia Regional Economic Cooperation (CAREC) Institute research grants program which supports researchers from members of the CAREC Think Tanks Network (CTTN) to produce targeted knowledge products which add to the body of knowledge on regional cooperation in CAREC.