A. 24 October 2006
B. 24 November 2006
C. 24 December 2006
D. None of these
Submitted by: Areesha Khan
Pakistan and China signed a Free Trade Agreement (FTA) on November 24, 2006, to boost economic cooperation.
The China-Pakistan Free Trade Agreement (CPFTA) was signed on November 24, 2006 in Islamabad. It came into effect on July 1, 2007.
Explanation
The agreement covers trade in goods, investments, and trade in services.
The second phase of the agreement was signed on April 28, 2019 and came into force on January 1, 2020.
The second phase is expected to conclude in 2024.
The agreement includes articles on:
Establishment of a free trade area
Tariff elimination
Non-tariff barriers
Rules of origin
Trade remedies
Sanitary and phyto-sanitary measures
Investment
Dispute settlement
Negotiations
Negotiations for the second phase of the agreement began in March 2011.
The Agreement on Trade in Services was signed in Wuhan, China on February 21, 2009.
The correct answer to the question: "A Free Trade Agreement between Pakistan and China was signed on:" is "24 November 2006".
