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Zero duty for Lankan goods in Pakistan
Sunday Times, Sri Lanka
Zero duty for Lankan goods in Pakistan
29 March 2009
The Department of Commerce said this week that under the Sri Lanka-Pakistan Free Trade Agreement (FTA), Pakistan has confirmed duty free status to 4,500 Sri Lankan products. “The Government of Pakistan has issued the respective notification implementing the 100% tariff reduction for 4,500 ‘Sri Lankan originated’ products, with effect from 20th March 2009,” a Commerce Department official told The Sunday Times FT.
The 4,500 eligible items must show a 35% domestic value addition to get duty free access into Pakistan. With traditional western export markets shrinking due to the global recession, and also becoming increasingly more price competitive, the Department officials are urging local exporters to develop alternative export markets.
Pakistan is the second largest country in the South Asian region with a population of about 200 million. Exports from Sri Lanka to Pakistan have been increasing since the signing of the FTA. In 2007 Sri Lanka exported US$ 57 million worth of goods to Pakistan, a majority using the tariff cuts offered under the FTA. In 2008 this increased to US$ 71.4 million.
However, officials say Sri Lankan exporters are still, for the most part, exporting low value added, ‘primary’ products to Paksitan, despite the potential for higher returns by exporting industrial goods. The main exports to Pakistan at this point, are betel, leaves and copra.
News from the movements
24-Aug-2016 Deutsche WelleHundreds of thousands of protesters are expected to take to the streets in several German cities to rally against plans to move forward with two key international trade agreements - one year after a similar protest managed to attract similar numbers.
23-Aug-2016 APRNNeither the TPP nor the RCEP, neither the US nor China and their corporations will ever address the long-standing people’s aspiration for an international trading system that responds to their needs.
23-Aug-2016 ScoopCivil society groups, trade unions, church groups, environmentalists, gender activists and many more are calling for Ministers to make no decision on PACER-Plus — a free trade agreement between Australia, New Zealand and the Pacific Islands — until there has been a proper social impact assessment and mandate from the Pacific people who are most likely to be affected.
22-Aug-2016 Radio New ZealandA meeting on Pacific labour mobility under the PACER Plus trade deal has a glaring omission – the voices of organised labour.
Avec de nouveaux accords commerciaux, le vol organisé par les multinationales est légalisé et les semences paysannes deviennent illégalesDe nouveaux accords de libre-échange légalisent le vol organisé par les grandes entreprises et mettent en péril la possibilité pour les agriculteurs de conserver, produire et échanger des semences.
22-Aug-2016 El PaísEl secretario de Relaciones Internacionales del Pit-Cnt, Fernando Gambera, afirmó tras participar del XVI Foro Social Mundial realizado en Montreal (Canadá) que los Tratado de Libre Comercio (TLC) son una preocupación para todas las centrales sindicales porque "apuntan a degradar las conquistas de los trabajadores".
22-Aug-2016 Premium TimesSocial Action has asked the federal government to not to sign the Economic Partnership Agreement with the European Union. Ghana and Ivory Coast have also resisted the EPA
18-Aug-2016 ALAIEl poder corporativo transnacional tiende a fortalecerse por medio del impulso de diversos tratados o de inversiones, que se orientan a profundizar la desregulación de los grandes capitales, y que constituyen verdaderos candados jurídicos a políticas reformistas orientadas al bien común.
bilaterals.org is a collaborative space to share information and support movements struggling against bilateral trade and investment deals which serve corporations, not people. Multilingual. Global. No one owns it. Open publishing. Get involved.