Sri Lanka has agreed to import its entire basmati rice quota of 6,000 tonnes from Pakistan under the Free Trade Agreement (FTA) through the private sector from 2012.
Turkey and Pakistan on Thursday took a leap forward in their bilateral relations and agreed to transform existing historical brotherly relations into tangible economic partnership.
Imports from China have been persistently rising even in the no concession category whereas Pakistan has been able to increase its exports only in the first two categories, reveals a study on Pakistan-China FTA available with The News.
Thai government is focusing on an early meeting of Pak-Thai Joint Trade Commission for early signing of Free Trade Agreement (FTA) between the two countries. Thai Minister, Department of South Asian, Middle East and African Affairs, Mr Nat Pinyo WattanaCheep said this during a meeting with businessmen at Lahore Chamber of Commerce and Industry on Monday.
All Pakistan Marble Mining Processing Industry and Exporters Association (APMMPIEA) demanded the government make semi-processed/un-finished tiles, slabs, some marble and granite and onyx products, part of Free Trade Agreement (FTA) with China.
Pakistan and Sri Lanka on Tuesday agreed to hold negotiations for reviewing the six-year-old free trade agreement (FTA) which has become an obstacle instead of becoming a tool for liberalisation.
At the conclusion of the 10th session of Pakistan-Sri Lanka Joint Economic Commission on Tuesday the two countries have agreed hold Free Trade Agreement (FTA) review meeting and Comprehensive Economic Partnership Agreement (CEPA) negotiations in August 2011 in Colombo.
’Moving forward’ on a Comprehensive Economic Partnership Agreement (CEPA) between Sri Lanka and Pakistan which also goes beyond only trade in goods outlined in the existing bilateral Free Trade Agreement (FTA), into services and investment promotion, will boost trade between both countries, according to Seema Ilahi Baloch, High Commissioner for Pakistan in Sri Lanka.
Although the resolution has compelled India to resume talks with Pakistan, it is not clear whether and how the outcome of these talks will affect the conclusion of the FTA. It is also uncertain whether or not the condition to settle the Kashmir issue with dialogue will be included in the final draft of the EU-India FTA, writes Ahmad Ali Ghouri
Trade Development Authority of Pakistan (TDAP) will recommend inclusion of more Pakistani items from various sectors in the second phase of free trade agreement (FTA) between Pakistan and China.
Prime Minister Yousuf Raza Gilani on Tuesday called for an early conclusion of the Free Trade Agreement between Pakistan and United States to promote economic activity.
The US was not exactly sorry that Pakistan’s Attorney General Makhdoom Ali Khan resigned from General Musharraf’s cabinet in the wake of the Supreme Court’s decision to reinstate ‘suspended’ Chief Justice Iftikhar Chaudhry, according to a ‘confidential’ US diplomatic cable accessed by Dawn News through WikiLeaks.
The SAARC Chamber of Commerce and Industry has urged the South Asian countries, particularly India and Pakistan to set aside political issues and introduce free trade policy to bring prosperity in the region.
The representatives of business community Sunday said that Prime Minister Syed Yusuf Raza Gilani’s visit to China would further boost trade and strengthen economic relations between the private sectors of two countries.
India and Pakistan agreed Thursday to set up a joint working group to enhance trade, in a further move designed to ease tensions between the nuclear-armed South Asian rivals, officials said.
On the eve of India-Pakistan trade talks, New Delhi on Tuesday said “possible doables” to upgrade bilateral economic engagement would be clear after the Commerce Secretaries complete their discussion in Islamabad.
Pakistan and China will discuss expansion of Free Trade Agreement (FTA) between the two countries in the coming June with an aim to boost bilateral trade.
The first round of negotiations between Pakistan and China for the second phase of tariff concessions began in Islamabad on Thursday.
Pakistan and the United States have agreed to resume negotiations on a Bilateral Investment Treaty (BIT) through broad inclusion of stakeholders from both sides, said an official announcement.
Pakistan has faced claims worth $1 billion and could lose hundreds of millions of dollars more because of international investment treaties that are contrary to the interests of the country, asserted UK-based corporate lawyer Mahnaz Malik.