A senior official of the Chinese Commerce Ministry told APP that they were looking forward to expedite the negotiation process in order to complete it by the end of this year.

The FTA will be a major step forward expanding the scope of import-export between the two countries.

The two sides are holding the talks, keeping in view the complementarity advantages in their industrial and trade structure, ensuring equal benefit and a "win-win" situation.

Both the countries enjoy most favourable environment to conclude a mutually beneficial agreement because of their excellent diplomatic relationship," the sources said, adding they are prepared to accommodate each other upholding their overall business interest.