Pakistan

The government of Pakistan is a keen pursuer of bilateral trade and investment agreements. It has a full FTA with Sri Lanka (2005), a PTA with Iran (2004) and Mauritius (2007), Early Harvest Schemes with China (2005) and Malaysia (2007), and is part of both ECOTA and SAFTA. It is in various stages of FTA talks, or preparations for talks, with Brunei, Indonesia, Jordan, Thailand, Malaysia, Morocco, Singapore, the Gulf Cooperation Council, Canada, Switzerland, Indonesia, Nepal, China, Turkey and Russia (among others). In July 2006, it signed a Framework Agreement on Trade with Mercosur.

Negotiations on a US-Pakistan bilateral investment treaty, as a step towards a US-Pakistan FTA, have been quite controversial and are unconcluded. After talks restarted in mid-2010, a draft US-Pakistan BIT was sent for approval to Pakistan’s Cabinet in April 2012. The Pakistani government has already signed almost 50 BITs with other countries. In 2011 Germany ratified a BIT with Pakistan.

On a wider scale, there is talk of possible Pakistani FTAs with Afghanistan, Algeria, the EU, Japan, Laos, Mexico, New Zealand, South Africa and Tunisia.

last update: May 2012

Articles

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  • 13-Mar-2015 Express Tribune Pakistan rejects US draft of investment treaty
    Pakistan has rejected the United States’ proposed draft of a Bilateral Investment Treaty (BIT) between the two countries, saying the acceptance of the US template would carry ‘dangerous obligations’ for the country.
  • 11-Mar-2015 Express Tribune Focus on private sector: Washington rules out trade agreement with Islamabad
    US Commerce Secretary Penny Pritzker finally admitted publicly that the Obama administration no longer has the ability to get legislative approval for any trade agreements with Pakistan, and hence is focusing on getting more US businesses to invest in Pakistan.
  • 2-Mar-2015 Dawn New bilateral investment treaty model
    Pakistan’s Board of Investment is working on Pakistan’s own template of a bilateral investment treaty, which will replace previous treaties and serve as basis for new ones.
  • 18-Feb-2015 Express Tribune Pakistan, Turkey to finalise free trade deal
    Pakistan and Turkey on Tuesday agreed to finalise a Free Trade Agreement (FTA) after their leaders announced that the two countries are embarking on fresh trade liberalisation initiatives.
  • 17-Feb-2015 Daily Times Pakistan: Govt in process of signing FTAs with ASEANs
    Pakistan’s National Assembly was informed that the government is in process to ink Free Trade Agreement–II with China and also efforts were in process to sign Free Trade Agreements with ASEAN countries.
  • 16-Feb-2015 The News Dar briefed on BIT regime
    Pakistan Finance minister says the government will review its existing bilateral investment treaties and develop a template for future ones.
  • 8-Jan-2015 China FTA
    If any further proof were required that too much emotion in our relationship with Beijing is harmful to our interests, the disclosures from the ongoing review of Pakistan’s Free Trade Agreement with China ought to be sufficient.
  • 7-Jan-2015 The Nation Pak: Industry’s concerns over cheap goods conveyed to China
    Pakistan has asked China, under the Pak-China FTA, for compensation for losses it is incurring due to massive import of Chinese products.
  • 18-Dec-2014 FTA talks with Nigeria on the cards
    Pakistan is working on a proposal for early initiation of negotiations with Nigeria on Free Trade Agreement (FTA) to boost bilateral trade.
  • 15-Oct-2014 Business Recorder Pakistan: Government to move carefully in approving US-proposed BIT
    The government has decided to move carefully in respect to approving the new Bilateral Investment Treaty (BIT) template proposed by the United States as it contains clauses with far-reaching negative implications for the economy of Pakistan.
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    Links

  • Pakistan FTAs
    Webpage maintained by the Ministry of Commerce