Pakistan will demand unilateral concessions on approximately 70 products mostly of export interest to China as part of the second phase of the Free Trade Agreement (FTA).
The TCC tribunal failure did not reflect an internal failure on the part of Pakistan’s state apparatus as much as it did the hegemonic nature of the global BIT regime that developing countries have been subjected to by the West.
Pakistan and Saudi Arabia have accelerated negotiations on a bilateral investment treaty.
Despite several rounds of talks and negotiations spanning over a decade, progress has yet to be made on reaching a free trade agreement with Turkey.
Pakistan is developing a comprehensive package for the promotion of bilateral trade with Saudi Arabia.
The government has spent over Rs2 billion to win a case in the international court over the acquisition of assets of Progas Pakistan Limited company – worth Rs2.3 billion.
China wants no more damage to Pakistan in bilateral trade which is why the former has offered to re-initiate the stalled talks on Free Trade Agreement-II in February 2018.
Japan, Indonesia, Vietnam, the Philippines in the Pacific region are among the countries in the list to start a dialogue on Preferential Trade Agreement (PTA) which will pave the way towards FTA for promoting trade liberalization.
A Joint Feasibility Group will work to formalize the FTA within six months’ period.
Pakistan and Iran have finalized the draft of the much-awaited Free Trade Agreement and the expeditious resolution of banking channel issues.
The two-day Joint Cooperation Committee (JCC) meeting of the China-Pakistan Economic Corridor sets the stage for the second phase of the multibillion-dollar cooperation between the two nations.
Pakistan has successfully gotten a stay order from the International Centre for Settlement of Investment Disputes (ICSID) over the execution of an $800 million award to Karkey Karadeniz Elektrik Uretim (Karkey).
A Free Trade Agreement between Pakistan and Thailand will be signed on January 15 for focusing on enhancing the bilateral trade between the two countries, a top official of Ministry of Commerce said.
Pakistan and Tunisia are negotiating for a preferential trade agreement to improve bilateral trade between the two countries.
Special note was made of suggestions to increase bilateral trade and investment between the two parties.
A Free Trade Agreement between Pakistan and Thailand will be signed on January 15 for enhancing bilateral trade between the two countries, a top official of the Ministry of Commerce said.
The government of Pakistan would not be made liable for private investor disputes. Alternative dispute resolution mediation would be made compulsory, while foreign arbitrators would be decided in advance through consensus.
Pakistan and Iran have decided to strike a deal on trade despite slow or no progress regarding the implementation of a payment mechanism and the Iran-Pakistan gas pipeline project.
Pakistan and Vietnam have agreed to share an initial list of products while kicking off negotiations on a free trade agreement.
The International Centre for Settlement of Investment Disputes (ICSID) has not only imposed a hefty fine on Pakistan but also declared that the country will be paying $5.6 million as interest per month.