Key Points:

• The 1960s witnessed the Sino-Pak commercial accords, while 1966 recorded the decade’s peak, 77 million dollars
  in sales.
• Pak-China economic cooperation turned a new leaf in the 21st century. The two signed several agreements, including
  the Early Harvest Program 2005 (EHP), Preferential Trade Agreement (PTA), and Free Trade Agreement (FTA).
• Pakistan and China have maintained close cooperation in the economic sphere. However, this cooperation has not
  yielded mutually equal benefits in recognisable terms. The trade balance has not remained in Pakistan’s favour.
• Despite an enabling environment in Beijing and Islamabad, Pakistani exports have remained skewed towards the
  West.
• It is imperative to research and target commodity-specific markets from Priority 3 products, which remain a weak
  link in the Pakistani exports to China.
• Pakistan needs to prioritise the services sector as part of its bilateral trade with China.