The European Union told Pakistan on Friday it could gain increased access to EU markets in one to three years but ruled out immediately granting Islamabad new trade concessions.
Pakistan and the United States are scheduled to restart negotiations on Bilateral Investment Treaty (BIT) in the third week of May
Pakistan and Nepal have decided to hold their joint economic commission’s meeting this year in Islamabad. It is stalled for the last five years.
China and Pakistan, which have strongly increased bilateral trade this decade with the help of a series of free-trade agreements (FTAs), have committed to doubling their commerce within the next three to four years.
Talks of signing of FTA between Pakistan and GCC have been making the rounds for several years but both sides have only now reached at some concrete work to move ahead.
Pakistan is to appeal for free trade access to, and eventually a free trade agreement with, Europe during a landmark summit with EU leaders next month
The All-Pakistan Fruit and Vegetable Importers and Exporters Association has urged the government to sign free trade agreements with Ukraine, Indonesia and Europe to give boost to export of kinno, which is in great demand in these countries.
Belgium, being the Capital of Europe and centre of European politics and policy making, should support the efforts for signing free trade agreement between Pakistan and European Union, says the Karachi Chamber of Commerce and Industry
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.