Economic Dimension of China’s Foreign Policy towards Pakistan:  Late 20th- Early 21st Century

Sayedur Rahman; Shakila Tul Kubra

doi:10.47205/plhr.2020(4-II)2.2

Economic Dimension of China’s Foreign Policy towards Pakistan: Late 20th- Early 21st Century

Authors

Md. Sayedur Rahman

Assistant Professor, Department of Political Science, Faculty of Social Sciences, Begum Rokeya University, Rangpur -5400, Bangladesh

Shakila Tul Kubra

M. Phil Research Fellow, Dr. Wazed Research and Training Institute, Begum Rokeya University, Rangpur -5400, Bangladesh

DOI: https://doi.org/10.47205/plhr.2020(4-II)2.2

Keywords

Bilateral Trade China Economic Relation Foreign Policy Pakistan

Abstract

The trade rate between Pakistan and China remained largely insignificant. In the first decade of the present century, it represents a sustainable trade relationship between the two countries. Bilateral trade could further improve ties between Pakistan and China. China Pakistan Free Trade Agreement (FTA) added a new layer in the promotion of bilateral trade in force from July 2007. Since Pakistan was unable to formulate a complex foreign strategy against China, after 1984 this culminated in a big trade deficit with China. Pakistani industry and exporters should take new steps to raise exports to China and bring in a fair degree of equity in foreign trade. In this article, the interpretation of the data is based on qualitative approaches. Secondary data collecting sources are used to collect the data. Pak-China international ties depend on finance, export-import centric investment (their balance of exchange), and foreign direct investment (FDI).