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China, Pakistan trade agreement to take effect in October

(Xinhua)
Updated: 2009-09-11 15:43

The China and Pakistan free trade zone service trade agreement will take effect on October 10, the Ministry of Commerce (MOC) said on Thursday.

It indicated a free trade zone between China and Pakistan would be set up involving goods trade, service trade and investment, according to the MOC.

Related readings:  China invests $31.2M in Pakistan during '08-09  Pakistan's textile sector braces for grim times  China, Pakistan eye closer military ties

The agreement was signed in February this year.

Based on the commitments to the World Trade Organization (WTO), Pakistan will open 102 sub-departments in 11 service departments and China will open 28 sub-departments in six service departments, according to the agreement.