Pakistan, UK to launch trade dialogue

Outline strategies to bolster trade relations

ISLAMABAD:

Pakistan and the United Kingdom will soon launch a trade dialogue aimed at fortifying trade and investment relations between the two countries.

Federal Minister of Commerce Jam Kamal Khan stated this in a meeting with British High Commissioner to Pakistan Jane Marriott where key strategies were outlined to bolster the already robust trade relations between Pakistan and the UK.

The minister emphasised the deep-rooted political and historical ties between the nations and the significant strides made in trade. He praised the Developing Countries Trading Scheme, initiated in June 2023, as a pivotal opportunity for Pakistan to amplify trade volumes with the UK.

The high commissioner talked about the promising trajectory of bilateral trade, with Pakistan’s exports to the UK registering a steady growth. Earlier, Marriott expressed her willingness to collaborate with the new government, especially in the area of climate financing.

She said climate change and its dangers were a big problem but pointed out that Pakistan had no role in creating the problem. Still, the country is ranked eighth among the countries most affected by the climate crisis. Moreover, it ranks 32nd in terms of preparedness. “To meet these challenges, money is needed, which Pakistan cannot acquire alone, so we will work with the government for climate financing.”

Published in The Express Tribune, March 22^nd, 2024.

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