The External Relations Group of Mercosur will take up Pakistan’s request for signing a free trade agreement in early 2019
Pakistan has said it wants to revisit the Free Trade Agreement signed with Sri Lanka in 2005.
Tunisia can be a gateway for Pakistani business community to the African countries, says Tunisian Ambassador
The Indonesian government will push ahead and ratify a trade deal with Pakistan to protect $1.5 billion in annual palm oil exports to the South Asia nation, a cabinet minister said.
Indonesia is expanding trade partnerships with different countries and economic blocs and a free trade agreement (FTA) with Pakistan is a part of the plans, said Indonesia Trade Minister Enggartiasto Lukita.
Pakistan and Saudi Arabia agreed to negotiate a free trade agreement for trade liberalisation and increasing the volume between the two countries.
Pakistan and Turkey have agreed to further bolster their trade, economic, investment and defense relations.
Pakistan seeks to renegotiate FTA as well as China Pakistan Economic Corridor deals
Pakistan would evaluate its trade policy according to modern trends, and implement the strategic policy framework 2015/19 in letter and spirit to boost the country’s exports.
Although the government of Pakistan Muslim League Nawaz (PML-N) started the negotiations on various trade agreements including the Free Trade Agreement (FTA) and Preferential Trade Agreement (PTA) with a number of countries, it could not conclude any such agreement in the past five years.
Ministry of Commerce seeks comprehensive analysis of the agreement; invites request for proposal to conduct research study on Pak-Iran trade ties.
According to official documents, the agreed liberalisation level of 90 percent, tariff lines and trade value have been slashed to 75 percent of tariff lines for both countries and some new terms have also been added to the agreement.
Ambassador of Vietnam to Pakistan Pham Hong Kim says Vietnam and Pakistan were actively considering signing ‘Free Trade Agreement’ to boost bilateral trade between the two countries.
Pakistan and China are expected to sign the revised bilateral free trade agreement anytime during this year as the two sided are currently deliberating on the subject, Commerce Minister Pervez Malik said on Tuesday.
Pakistan has deferred signing the second phase of Free Trade Agreement (FTA) with China at the last moment due to strong reservations over the final offer list shared by Beijing, signaling the straining bilateral relationship between the two countries.
Pakistan has had an increasing trade deficit with Thailand; for the period 8MFY18 the trade deficit has increased by 44 percent YoY as increases in imports from Thailand greatly outweigh rise in exports. In monetary terms, the trade deficit of 8MFY18 at $611 million is almost at par with FY16’s annual deficit, indicating the speed at which it is growing.
Pakistan and China started negotiations on the second phase of the Pak-China FTA in 2011. So far, 10th meetings have been held in this regard. China was not willing to offer Pakistan substantial market access on items of Islamabad’s interest.
In Pakistan, businessmen and investors are expressing concerns over free trade agreement (FTA) with China claiming that would hurt the manufacturing sector.
Pakistan’s federal government has deferred second phase of the Free Trade Agreement (FTA) with China on the demand of the business community.
Pakistan and Thai governments are actively engaged in talks on free trade agreement (FTA) and with signing of the FTA, the bilateral trade will instantly boost as there is a huge potential on the both sides.