Pakistani fruit exporters have urged the commerce minister to sign the Free Trade Agreement (FTA) with Indonesia before next month to avail the duty relaxation under the agreement by January 2012.
The government of Pakistan is quite alive to the economic challenges and trying to promote regional trade through Free Trade Agreements and Preferential Trade Agreements.
Pakistan and Turkey will finalise the Preferential Trade Agreement (PTA) next year to boost bilateral trade, Murat M Onart, Consul General of Turkey said on Monday.
Following the expected Most Favoured Nation (MFN) status to India by Pakistan, PAAPAM says both the countries should allow transfer of technology through joint ventures and technical assistance agreements, making the regional industry competitive, say auto industry experts while talking to journalists here on Monday.
President Asif Ali Zardari sought United Arab Emirates’s (UAE) help for Free Trade Agreement with GCC countries which would pave the way for increased commercial activity between Pakistan and the Gulf countries.
Customs authorities have decided to approach Pakistani missions abroad to verify the authenticity of the duty concessions and exemptions availed under the Preferential Trade Agreements (PTAs) and Free Trade Agreements (FTAs).
Bilateral trade talks between New Delhi and Islamabad inched yet another step towards Pakistan granting India a ‘most favoured nation’ (MFN) status, even as both neighbours today laid “strong foundation” for a preferential trade agreement.
Bilateral Investment Treaty (BIT) signed by Germany and Pakistan in 2009 has been ratified by German parliament and sent to European Commission for final approval.
The leaders of Pakistan and Russia have expressed the willingness to speed up work on the proposed Free Trade Agreement and currency swap arrangement to boost bilateral trade and further strengthen their economic ties.
Eyeing to boost its garment and other textile items exports, the Government of Pakistan is exploring the prospects of Preferential Trade Agreements (PTAs) with various countries.
India is particularly displeased with Pakistan, after an early end to a party it was enjoying over Islamabad’s proposed grant of a ‘most favoured nation’ (MFN) status in bilateral trade. All eyes are now focused on Pakistan commerce secretary Zafar Mahmood’s upcoming India visit. This is likely to be followed by a sideline meeting between the prime ministers of the neighbouring countries.
The Cabinet on Wednesday approved a 20 percent reduction (233 tariff lines) in sensitive list for South Asian Free Trade Area (Safta) which, according to the Commerce Ministry, will earn goodwill for the country.
Pakistan on Wednesday approved a proposal granting India the status of “most favoured nation” which would pave the way for direct import and export of goods and services. Textile, automobile and auto component trade through the land route with easier tariffs and quota restrictions are a distinct possibility.
President Asif Ali Zardari of Pakistan and King Abdullah of Jordan on Saturday called for an early conclusion of a Free Trade Agreement and holding of the second round of talks soon for this purpose.
As the fifth round of talks on the Pak-US Trade Investment Facilitation Agreement (TIFA) began in Islamabad on Tuesday (20 September), Pakistani delegates have taken a tough stance to demand better trade arrangements with the US.
Pakistan expects to seal Free Trade Agreement (FTAs) with two promising regional groupings to boost the country’s trade performance, Secretary Commerce, Zafar Mahmood has said. “Pakistan is to sign the agreements with ASEAN and the Gulf Cooperation Council,” he said in an interview here following the conclusion of Pakistan Malaysia Business Forum and the meeting of Joint Review Committee on FTA
Thailand will soon launch free-trade negotiations with Pakistan, pursuing its second bilateral pact with a South Asian nation following an existing agreement with India.
Pakistan and Malaysia have agreed to enhance bilateral economic cooperation and explore avenues for joint ventures in a host of sectors, including agriculture, construction and Halal industry. The understanding to “tap full potential of bilateral economic relations” was reached in Kuala Lumpur at the first ever meeting of the Pakistan Malaysia Joint Committee on Review of the Free Trade Agreement (FTA) between the two countries.
Pakistan is ready to double the number of goods it imports from India, but has stopped short of offering full-fledged most-favoured nation, or MFN, status it had promised earlier this year as part of bilateral confidence-building measures.