A tactical manoeuvre by Pakistan into bilateral free trade arrangements with several Asian neighbours is threatening to throw its multi-billion shilling-a-year-tea trade with Kenya into a spin.
A top US diplomat has said the conclusion of a bilateral investment treaty with Pakistan would bolster economic and trade ties between the private sectors of the two countries.
President Pervez Musharraf said on Tuesday that Pakistan and China were close to signing another Free Trade Agreement (FTA) on trade and services that would further boost their economic and commercial ties.
The trade agreement has opened central Asian countries adjacent to Pakistan to new Sri Lankan exports.
Pakistan and China have made substantial progress towards entering a Transit Trade Agreement, expanding the scope of Free Trade Agreement, besides identifying new areas of cooperation to further strengthen their multi-faceted ties.
President Pervez Musharraf and President Mahinda Rajapakse of Sri Lanka on Friday agreed on improving their trade and commerce ties with specific focus on continuing Free Trade Agreement (FTA).
Pakistan and Mauritius on Friday agreed to operationalise a free trade agreement between the two countries within 18 months to boost South-South trade.
Government is working on Pakistan-Malaysia Free Trade Agreement (FTA) Technical Support Project to exploit the potential at the optimum level under this arrangement.
Shahid Khakan Abbasi, Federal Minister of Commerce hinted review of the Trade Policy and said that his ministry would ensure continuity of policies with review for enhancement of country’s exports.
Head of World Trade Organisation (WTO) Cell, Trade Development Authority of Pakistan (TDAP), Mujeeb Ahmed Khan has said that with the help of Free Trade Agreements (FTA), exports to China are expected to reach US$4.5 billion by 2012 and to Malaysia $1.8bn by 2015.
The Afghan Minister for Trade and Commerce has said that his country has signed a bilateral trade agreement with Pakistan.
If to some people, the words ‘cricket’ and ‘conflict’ come to mind when thinking of India and Pakistan, we need to update the language to embrace another two ‘Cs’ -connections and commerce.
President Islamabad Chamber of Commerce and Industry (ICCI) Ijaz Abbasi on Friday stressed the need for Free Trade Agreement or Preferential Trade Agreement (FTA/PTA) between Pakistan and Canada for increasing bilateral trade as at present Pakistani exports to Canada are very low.
India on Monday exuded confidence that the new government in Islamabad will take immediate steps to implement the South Asian Free Trade Agreement with New Delhi and take necessary measures, including duty changes, to facilitate trade.
The Pakistan-European Union Joint Commission is expected to meet within three months, after remaining suspended for over a decade, and a possible free trade agreement is on the agenda.
Pakistan and Malaysia are set to enter into a free trade arrangement (FTA) from New Year today under Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA) 2008-2014.
"As soon as emergency is lifted and constitution is restored, the Bush administration would start finalising various issues with Pakistan, including Free Trade Agreement (FTA), Bilateral Investment Treaty (BIT) and the setting up of Reconstruction Opportunity Zones (ROZs) in Azad Kashmir and Federally-Administered Tribal Areas (Fata),” a US embassy spokesperson, Ms Elizabeth Colton, said.
Pakistan and Mauritius have decided to accord each other preferential status effective November 30, 2007, under the bilateral Preferential Trade Agreement.
The United States has expressed its serious concern over the continuation of emergency rule in Pakistan and said Washington was no more interested to sign the Free Trade Agreement (FTA) with Islamabad.