Pakistan, US to deepen trade ties

Both nations decide to boost cooperation in agriculture, textile

ISLAMABAD:

Pakistan and the United States have pledged to strengthen trade ties and business-to-business contacts to enhance the bilateral trade volume.

During an inter-sessional meeting under Pakistan-United States Trade and Investment Framework Agreement (TIFA) in Islamabad on Thursday, the two sides discussed a wide array of issues to foster bilateral trade and investment.

Moreover, both nations talked about boosting cooperation in agriculture, textile and healthcare sectors as well as promotion of digital trade and e-commerce. Protection of intellectual property, promotion of labour rights and economic empowerment of women also came under discussion.

Chairing the meeting, Federal Secretary of Commerce Sualeh Ahmad Faruqui appreciated Assistant United States Trade Representative (AUSTR) for South and Central Asia Christopher Wilson for visiting Pakistan.

He noted that the visit also coincided with the 75th anniversary of the establishment of diplomatic ties between Pakistan and US.

Read: 'Trade with Central Asian countries under TIR ​​agreement increasing pace'

Wilson acknowledged the longstanding and robust relationship between the two countries and stated that the visit would underpin and strengthen the trade ties between the two nations.

Both sides agreed to reinvigorate and revitalise trade and business relationships.

It was agreed to further strengthen bilateral relations and take steps to enhance trade and economic cooperation.

Pakistan and US pledged to work hand in hand to support business-to-business contacts and interaction between the governmental organisations.

Published in The Express Tribune, March 18^th, 2022.

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