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.
Mercosur, a regional group of four Latin American countries (Argentina, Paraguay, Uruguay and Brazil), has expressed its willingness to sign a free trade agreement (FTA) with Pakistan.
The United States has said that a small but significant number of differences are persisting on issues of considerable importance to the US in the proposed Pak-US Bilateral Investment Treaty (BIT), however, this indicates that discussion on the treaty are expected to continue in 2007.
The 25-country European Union - the biggest market for Pakistani products - is likely to be closed down for Pakistan, as the EU refused to sign a free trade agreement (FTA), arguing that the size of Pakistan’s economy is not enough for such a trade deal, a senior government official told The News.
Pakistan regrets an Indian decision to review tariff concessions extended to Pakistan under a regional trade agreement but will not retaliate, a senior Pakistani government official said on Tuesday.
The ongoing dialogue between Pakistan and Malaysia on a free trade agreement (FTA) has hit snags as the main stakeholders in the country strongly oppose the proposed 20 per cent cut in tariff on the import of palm oil as demanded by Malaysia.
Pakistan’s Prime Minister Shaukat Aziz visited EU headquarters for talks on future relations and brought up Pakistan’s desire to forge a free trade agreement with the 27-nation bloc, along the lines of deals being proposed for India, South Korea and members of the Association of Southeast Asian Nations (ASEAN).
Pakistan and Switzerland have decided to initiate negotiations for a Free Trade Agreement.
Pakistan and Egypt on Friday decided to start negotiations for Free Trade Agreement (FTA) between the two countries to promote trade and economic activities.
Prime Minister Shaukat Aziz has said Pakistan has decided to initiate talks with European Union (EU) for signing free trade agreement.
Pakistan asked Japan to strike Free Trade Agreement (FTA) otherwise the import of auto parts and machinery from Japan will suffer in the wake of FTA with China, Humayun Akhter Khan, Commerce Minister said Monday.
Pakistan and Mauritius on Saturday concluded the discussion on the bilateral Preferential Trade Agreement (PTA) and both sides have agreed to expedite the process for its formal signing.