The China-Pakistan Free Trade Agreement entered into force in 2007.
In 2009, China and the Islamic Republic of Pakistan signed the Agreement on Trade in Services of the China-Pakistan Free Trade Agreement, which would enter into force since 2009;
Under the China-Pakistan Free Trade Agreement, the People's Republic of China and the Islamic Republic of Pakistan will begin to
reduce or eliminate the tariffs on all the export products in two phases;
The China-Pakistan Free Trade Agreement also covers the foreign direct
investment (FDI), including the investment promotion and protection, expropriation, compensation for damages and losses, and dispute settlement.
Foreign Trade between China and Pakistan.
The People's Republic of China exported USD 5 billion value of commodities to the Islamic Republic of Pakistan, only USD 1.8 billion;
China is the largest import sources for the Islamic Republic of Pakistan (his share has augmented from 14% to 17%). It ranked third between the top import sources;
Exports products of the Islamic Republic of Pakistan to the People's Republic of China have augmented by 17.7% annually in the last four years though its share in the Chinese market has decreased from 0.14% to 0.12%.