The proposed Pak-US Bilateral Investment Treaty (BIT) is in the doldrums as the two sides have differences in certain areas and are showing no flexibility in their stances.
In a major breakthrough, Pakistan and Malaysia have decided to announce the much-awaited deal for free trade agreement (FTA) during the visit of Prime Minister Shaukat Aziz to Kuala Lumpur scheduled for May 27-29.
Prime Minister of Czech Republic Mirek Topolanek has assured Pakistan that being the European Union member, Prague would play its role in strengthening Islamabad’s relations and striking a Free Trade Agreement with the bloc.
Modalities for a Free Trade Agreement (FTA) between Pakistan and Brunei Darussalam are being finalised and hopefully the agreement would be in place by the end of this year. This was stated by Pakistan’s High Commissioner to Brunei Darussalam Major General (retd) Syed Haider Jawed, while speaking at Lahore Chamber of Commerce and Industry (LCCI) on Thursday.
Pakistan, which is keen on exporting cement and wheat to India, on Thursday said it is willing to fulfil its SAFTA commitments if the issue of non-tariff barriers are addressed.
US intends to go ahead to Free Trade Agreement with Pakistan after striking a mutual investment deal with Pakistan.
Trade bodies and associations have asked the government to pursue trade policy for at least three to five years and implement it in letter and spirit.
Pakistan is in violation of the agreement on South Asian Free Trade Area (SAFTA) and the Vienna Convention by discriminating against India in the implementation of the regional accord, aside from risking its credibility as a negotiating partner, Indian High Commissioner Satyabrata Pal told a conference.
Pakistan will start negotiations with the European Free Trade Association (Efta) for signing Free Trade Agreement (FTA), which the Commerce Ministry hopes will boost Pakistan’s exports.
Pakistan and Russia Thursday agreed to finalize a bilateral investment treaty and agreement on avoidance of double taxation with an objective to expand their trade and economic ties.
President General Pervez Musharraf on Saturday stressed the need for initiation of negotiations for a Free Trade Agreement (FTA) between Pakistan and the United States to strengthen the bilateral relations by boosting trade and investment links.
The Safta on Wednesday received a big boost with Pakistan agreeing to the views of Saarc leaders that the pact liberalising regional trade be implemented in “letter and spirit”.
Pakistan and Thailand will establish a joint bank and trade centre to promote bilateral trade and investment, said Punjab Trade & Investment minister here Friday.
In a major development, Colombo has agreed to work out permanent solution to Islamabad’s fears over the import of auto parts keeping in view the likely investment by India in Sri Lanka, a government official told The News.
In a major development, Colombo has agreed to work out a permanent solution to Islamabad’s fears over the import of auto parts under the Free Trade Agreement between Sri Lanka and Pakistan. There are reports that India is going to invest in the auto sector in Sri Lanka under the India-Sri Lanka FTA. Islamabad fears that the auto parts to be made in Sri Lanka by India would be exported to Pakistan.
Pakistan and China would exchange diplomatic notes for initiation of trade under Free Trade Agreement (FTA) during the visit of Prime Minister Shaukat Aziz to Beijing from April 17 to 19.
India is ready to consider some “unilateral” steps to address some concerns of Pakistan to see operationalisation of Safta.
Import Policy Regulations are provided in the import regimes of all SAARC countries and Pakistan had only indicated this requirement in its notification to make it transparent.
The ministry of commerce has clarified the situation with regard to a news item published in a section of the press concerning “tariff issues between India and Pakistan” on March 22.
Pursuing the case of Free Trade Agreement (FTA) with the European Union and enhancement of bilateral trade and economic relations would be the agenda of the two days visit of Pakistan federal minister for Commerce Humayun Akhtar Khan to the UK starting Friday.