Pakistani Prime Minister Shaukat Aziz Wednesday approved negotiations on bilateral investment agreement between the governments of Pakistan and Kuwait.
Pakistan has ratified the much-trumpeted South Asia Free Trade Agreement (Safta), but trade between India and Pakistan will not be initiated under this agreement, instead it will continue under the existing import regime.
Bangladesh and Pakistan will soon start formal negotiations on bilateral free trade agreement (FTA) in a bid to sign the deal by next September, Foreign Minister M Morshed Khan said here yesterday.
The Pakistani cabinet approved a regional pact on Wednesday to promote free trade and economic ties in South Asia, home to nearly one-fifth of the world’s population.
Pakistan and Bangladesh signed four memoranda of understanding (MoUs) on trade, standardisation and quality control, agriculture and tourism on Monday.
Free Trade Agreement (FTA) initiatives with Pakistan, Australia and New Zealand are expected to be completed this year, Malaysia’s International Trade and Industry Minister Datuk Seri Rafidah Aziz said Tuesday. She also said that FTA negotiations with the US and India would also begin this year, followed by the launch of a joint feasibility study for a possible FTA between Malaysia and Chile.
Pakistan and Bangladesh have agreed to finalise bilateral free trade area (FTA) agreement within the shortest possible time, by September at the latest, to create scope for easy access of Bangladeshi products to Pakistani market as a measure for reducing the existing trade gap.
Prime Minister Shaukat Aziz on Monday proposed that Pakistan and Oman should sign Free Trade Agreement (FTA) to further expand their economic ties and this would be Pakistan’s first FTA with a Gulf Cooperation Council (GCC) country.
US President George W Bush has instructed Trade Representative Rob Portman to expedite the Free Trade Agreement (FTA) with Pakistan, Prime Minister Shaukat Aziz told newsmen on board a flight returning home after a weeklong visit to US.
The United States has dropped a threat to cut off trade benefits for Pakistan because of steps that country has made to crack down on the piracy of US music, movies and software, the US Trade Representative’s office said on Tuesday.
By having preferential access to the two major markets in South Asia - India and Pakistan - Sri Lanka can now position itself as the conduit for Indo-Pakistan trade that has diminished due to political problems centred around the Most Favoured Nation treatment.
Pakistan and United States on Friday concluded the fourth round of talks on the proposed Bilateral Investment Treaty (BIT), which remained inconclusive due to differences on some clauses of the agreement.
Pakistan is likely to stay away from the South Asian Free Trade Area (Safta) to avoid its political fallout on the country’s principled stand on Jammu and Kashmir dispute.
A high powered US delegation is arriving here on 18 of this month to hold talks with the Pakistani authorities to finalise the BIT, in the absence of which, Washington was unprepared to sign Free Trade Agreement (FTA) with Pakistan.
Pakistan is seeking additional $2 billion market access from the United States and the issue is likely to be finalized after both the countries conclude their much awaited Bilateral Investment Treaty (BIT) here on January 20.
Malaysia and Pakistan are expecting to conclude negotiations on a bilateral free trade agreement by mid-2006, the Ministry of International Trade and Industry Ministry said.
Pakistan and China are set to launch the much awaited free trade regime under the Early Harvest Programme (EHP) from January 1.
Pakistan and Thailand will hold second round of study group meeting in
February next to pave the way for initiation of talks on the early harvest programme
(EHP) leading to zero rate of duty.
Karachi Chamber of Commerce and Industry (KCCI) asked the Bangladesh to materialize the signing of agreed Free Trade Agreement (FTA) without any further loss of time.
India and Pakistan will be able to trade directly without the help of third-country destinations once the South Asian Free Trade Agreement (SAFTA) comes into force from January 1.