Commerce Minister Humayun Akhtar Khan has said Pakistan wanted free trade with the United States, China and Latin states and would soon sign accords with them in this regard.
Humayun Akhtar Khan, the federal commerce minister, said on Thursday that the United States has promised to initiate negotiations on a free trade agreement (FTA) with Islamabad soon.
Pakistan President General Pervez Musharraf has expressed his keenness for early conclusion of bilateral free trade agreement between Bangladesh and Pakistan for further expansion of economic cooperation between the two countries.
Pakistan is keen to enter into a Free Trade Agreement (FTA) with Bangladesh to foster bilateral trade and economic cooperation, Pakistan Prime Minister Shaukat Aziz said here on Thursday.
Federal Cabinet has approved the summary for Free Trade Agreement (FTA) between Pakistan, Yemen and Mauritius.
The summary was presented before federal cabinet after a trade delegation headed by Federal Commerce Minister Humayun Akhtar Khan attended a joint Ministerial Commission conference in Yemen and Mauritius in March 2004 and inked a Memorandum of Understanding about FTA.
Malaysia and Pakistan have agreed to start negotiations that could lead to a free trade agreement.
Sri Lanka and Pakistan are hoping to have another go at the belated free trade agreement between the two countries in November.
Bangladesh is yet to make any clear headway in its bilateral talks in free trade agreements with India, Pakistan and Sri Lanka as well as trade and investment framework agreement with the United States.
The United States has said that the introduction and enforcement of Intellectual Property Right (IPR) laws and the resolution of existing investment disputes in Pakistan can expedite a bilateral investment treaty between the two countries.
Humayun Akhtar Khan, federal commerce minister, who arrived here Monday from New York on a week-long visit said that Pakistan offers lucrative investment and trade opportunities and urged US businessmen to take a full advantage of the country’s conducive environment.
U.S. Trade Representative Robert B. Zoellick and Pakistan Minister for Commerce Humayun Akhtar Khan announced today that their two countries would begin negotiations on a bilateral investment treaty (BIT).
The three-day meeting of the South Asian Association for Regional Cooperation (SAARC) sub-group on Investment and Arbitration beginning today in Kathmandu seeks to further the understanding among member states to set up an investment regime and adopt a dispute settlement mechanism in order to increase economic cooperation throughout the region.
The first meeting of the Pak-US Business Council established under the Trade and Investment Framework Agreement (TIFA) signed by Pakistan and the United States of America will be held in Washington on September 28.
US and Pakistani presidents reviewed progress in the global war on terror and pledged to continue working together. President George Bush expressed appreciation for Pakistan’s efforts in this area.
Kuwaiti Foreign Minister Dr Sheikh Mohammed Sabah Al-Salem Al-Sabah, Pakistani Foreign Minister Khurshid Mehmood Kasuri and Gulf Cooperation Council (GCC) General Secretary Abdul Rahman bin Hamad Al-Attiyah, will sign a framework economic agreement between Pakistan and the GCC states tomorrow (Thursday).
Pakistan is among dozens of countries with whom the United States is seeking to sign, or has already signed, a bilateral investment treaty (BIT) as part of a calculated strategy to bypass the WTO where it finds little hope of any agreement on investment and other Singapore issues being clinched in the foreseeable future.
The United States has offered Pakistan a bilateral investment treaty, provided the country enforces intellectual property rights, anti-money laundering law and creates conducive regulatory environment, says Alan P Larson, US Under Secretary of State for Economic, Business and Agricultural Affairs.
Pakistan and the United States will soon sign a bilateral investment treaty. Officials at the Board of Investment (BoI) disclosed this at a meeting with Alan Larson, the US under secretary, who called on Dr Hafeez Shaikh, federal minister for privatisation and investment, on Monday.
In talks scheduled to be held with the US on September 30, Pakistan is unlikely to succeed in having market access increased or the travel advisory imposed by US after 9/11 removed, a commerce ministry official told Daily Times.
The United States has agreed to sign a free trade agreement (FTA) with Pakistan, a senior government official told Daily Times.