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.
Ahead of the Saarc summit here in April, external affairs minister Pranab Mukherjee on Tuesday cautioned Pakistan against non-compliance with Saarc Free Trade Area (Safta). He urged Islamabad to revise its position to ensure that global commitments undertaken by the latter were complied with.
Sri Lanka and India will hold another round of trade talks in Colombo next week on liberalizing professional services, investments and trade in goods.
Pakistan has not been able to take the desired advantage from the two Free Trade Agreements with Sri Lanka and China.
The hoped for trade cooperation in South Asia remains a dream, six decades down the line. Even the much trumpeted South Asia Free Trade Agreement (SAFTA), by some accounts, seems to be sailing down to the sea — the Indian Ocean — unless the region’s leaders cooperate.
The ministry of commerce on Friday claimed that after the enforcement of the Pakistan-Sri Lanka Free Trade Agreement, bilateral trade has doubled, without giving any figures in this regard.
The first meeting of joint committee, of Pak-Sri Lanka Free Trade Agreement held here on Friday which reviewed the progress of the agreement. The joint committee was established under article 11 of Pak-Sri Lanka Free Trade Agreement.
President Karachi Chamber of Commerce and Industry Majyd Aziz has called for creating awareness of intellectual property rights and effective enforcement of IPR legislation in order to attract investment in the country.
Federal Commerce Minister Humayun Akhtar Khan said Monday that Pakistan was ready to sort out SAFTA related issues with India through bilateral talks.