Fisheries Industry and Trade with China CPFTA Phase 2

Overview

Fishing in Pakistan accounts for less than one percent of the GDP, but it still plays a crucial role in developing the economy of Pakistan by providing employment to a significant number of people residing in impoverished societies and backward regions of Balochistan and Sindh. In the year of 2019, China bagged the top spot as Pakistan’s largest fish market, stocking up 22 percent of its total fish export. It has therefore become absolutely crucial that phase II of the China-Pak Free Trade Agreement (CPFTA) be executed well.

The purpose of this project by the Economic Council – Employers Federation of Pakistan, is to ascertain how the CPFTA will impact the various industries. The EFP has compiled a comprehensive report to be presented to the highest authorities in Pakistan. EFP believes that two-way communication between employers and the government that is mediated by researched findings and well-documented opinions is critical in shaping the correct policies needed to build a thriving economy.

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