Special Assistant to the Prime Minister for Petroleum and Natural Resources Dr Asim Hussain on Thursday said that the Pakistan-Qatar Joint Ministerial Commission (JMC) would provide an excellent opportunity to enhance economic and trade relations between the two countries.
Indonesia has agreed to offer market access to Pakistan for 216 tariff lines on preferential rate under the Preferential Trade Agreement which was signed in Jakarta on Friday.
Indonesia and Pakistan signed a preferential trade agreement on Friday in a bid to boost bilateral economic cooperation and are expected to expand the trade deal into a free trade agreement in the near future.
The United States has said that a free trade accord is too big for Pakistan as there is no match between the economies of the two countries, says a top official of the commerce ministry.
Prime Minister Syed Yusuf Raza Gilani on Friday said Pakistan was keen to move towards a Free Trade Agreement with Thailand and stressed focussed talks for increased bilateral trade between the two countries.
Pakistan’s former finance and prime minister Shaukat Aziz is not optimistic about a free trade agreement with the US saying that even when Congress was very friendly, they couldn’t get things through.
The signing of the Preferential Trade Agreement by Pakistan and Indonesia is expected this month and will lead to a Free Trade Agreement between the two countries
Trade liberalisation with India has partially been linked to signing of four agreements to remove all tariff and non-tariff barriers that hinder Pakistani exports to Indian market.
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.