Under the bilateral treaty, the German government would provide insurance guarantees to investments by its companies in Pakistan and cover their political and security risks.
Addressing the Fifty Years of Bilateral Investment Treaties Conference in Germany, Pakistani PM Yousuf Raza Gilani said: “We are looking forward to early commencement of negotiations on a Free Trade Agreement.”
Pakistan will co-host with Germany world’s first-ever International Conference on Investment Treaties in Frankfurt from December 1-3, aimed at examining the policy issues that will shape international investment laws in the years to come.
Pakistan and Germany will sign the enhanced version of “bilateral investment treaty” during the visit of Prime Minister Yousaf Raza Gilani to Germany early next month.
Visiting US lawmakers on Friday announced they would move a bipartisan resolution in the House of Representatives to seek the early signing of a free trade agreement (FTA) with Pakistan.
Negative trade balance is not always negative. It could be looked in a broader context said the Head of Chancery of the Pakistan High Commission in Sri Lanka Balal Akram. Referring to the negative trade balance between the countries which is favourable to Pakistan Akram said that 35 per cent of Sri Lankan imports from Pakistan are raw material for the apparel industry.
The European Union has finally agreed to initiate talks on Free Trade Agreement with Pakistan and the first round of negotiations would be held in February 2010.
Islamabad and the 27-member European Union will start negotiations on a possible free trade agreement, an unfulfilled dream of Pakistan, with a meeting on 20 October.
Pakistan’s repeated requests for a free trade agreement come at the right time: the EU has switched focus from the uphill struggle to conclude the Doha trade round of World Trade Organisation negotiations to a quest for bilateral pacts.
Pakistan and Turkey have initiated negotiations on a free trade agreement and a formal accord will be signed during Turkish prime minister’s visit to Pakistan next month.
Sri Lanka is very likely not pursue a comprehensive economic partnership agreement with Pakistan because a similar agreement with India was put in cold storage last year amidst mounting domestic pressure.
The China and Pakistan free trade zone service trade agreement will take effect on Oct. 10, the Ministry of Commerce (MOC) said on Thursday.
An arbitral tribunal appointed by the International Centre for Settlement of Investment Disputes (lCSID) of the World Bank hearing a claim brought by a Turkish investor against the Islamic Republic of Pakistan has rejected all claims for breach of a bilateral investment treaty between the two countries.
The Free Trade Agreement between Sri Lanka and Pakistan will be further expanded to services and investment in keeping with a bilateral discussions between President Mahinda Rajapaksa and Pakistan Prime Minister Syed Yusuf Raza Gilani, yesterday.
Bangladesh will start talks with Pakistan for a separate free trade agreement this year after it negotiates with India.
In a new development, Pakistan has decided to reinitiate the stalled process of technical dialogue with the US authorities to finalise the Bilateral Investment Treaty (BIT) by December this year, The News has learnt.
It’s been a long time coming. But last week in Yogyakarta, Indonesia and the European Union finally initialled an ambitious cooperation pact aimed at revitalising a so-far uninspiring and lacklustre relationship.
Alber and Geiger, a European Union lobbying firm comprising of former high ranking officials, has offered its services to facilitate Pakistan for a free trade agreement (FTA), sources in Commerce Ministry told Business Recorder.
Pakistan and Nepal are considering a free-trade agreement, said the Pakistan Foreign Ministry on Monday.
European Commission Ambassador Jan De KOK has said that the European Union was seriously considering on broadening and deepening of its trade relations with Pakistan.