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China will further relax market access for foreign capital, expand opening-up
China s foreign trade is expected to reach $5.1 trillion in 2025, and the country will increase its exports and imports with Asian, African and Latin American economies during its 14th Five-Year Plan period (2021-25), according to a plan released by the Ministry of Commerce on Friday.
That plan, regarding China s commercial development during the 14th Five-Year Plan period, said the nation will expand the proportion of new forms of foreign trade, such as cross-border e-commerce, from 7 percent in 2020 to 10 percent in 2025 in order to foster new competitive strength.
New business forms and models, particularly cross-border e-commerce, have become a vibrant force driving China s foreign trade. They also represent a substantial trend in the growth of global trade, said Chen Chunjiang, director-general of the ministry s Department of Trade in Services and Commercial Services.
Afghan transit trade pact extended for six months
July 9, 2021
ISLAMABAD: Pakistan and Afghanistan have so far remained unable to strike a fresh Afghan-Pakistan Transit Trade Agreement (APTTA) after its expiry of 10 years in 2020.
Now both sides Thursday signed another extension of six months to the existing agreement.
Pakistan and Afghanistan had signed the APTTA in 2010 for 10 years as after five years both the counties were required to grant an extension of five years so this 10-year agreement got expired last year in 2020. Keeping in view the lingering COVID-19 pandemic and inability to evolve a consensus, both the sides were granting extensions of three to six-month period. Both the countries are now making efforts to strike a fresh transit trade agreement but so far failed to reach a consensus.
E-commerce guidelines come into force for consumers sake banglanews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from banglanews24.com Daily Mail and Mail on Sunday newspapers.
Goods exports rise 18pc to reach all-time high at $25.3bn: Ministry June sets new record of $2.7bn exports Cumulative exports of goods & services in FY 2020-21 set to cross $31bn mark
July 2, 2021
Export of goods grew by 18 percent to $25.3 billion during the fiscal year 2020-21, which is the highest ever in the history of Pakistan.
According to the data shared by the Ministry of Commerce on Thursday, the exports in June 2021 were also the highest in any month in the past and remained at $2.7 billion. The exports of services for the year are projected to be $5.9 billion. The cumulative exports of goods and services during the fiscal year 2020-21 will, therefore, cross the $31 billion mark.