Pakistan will soon sign free trade agreement with the member countries of the Gulf Cooperation Council (GCC), a senior official at the ministry of commerce told the Daily Times on Monday.
The first round of free trade negotiations between the Gulf Cooperation Council and India and Pakistan will commence by the middle of November 2005.
The second round of talks between Pakistan and Singapore on the proposed Free Trade Agreement (FTA) will be held from Nov 28 to 30 at Islamabad, an official at the ministry of commerce told the Daily Times on Tuesday.
Malaysia and Pakistan on Saturday agreed to remove tariffs on scores of products they trade with each other including fish, fabric, fruit and machines as the first step toward a planned free trade agreement.
Pakistan agreed on Sunday to eventually sign a free trade agreement (FTA) with Russia, as Prime Minister Shaukat Aziz is set to visit the country soon.
Pakistan is going to hold secret talks to make some changes in the existing Free Trade Agreement (FTA) with Sri Lanka, which has been operational since June 2005. Pakistan fears that under the FTA, Indian products can enter its market through Sri Lanka, particularly automobile parts.
Of late, there has been an outbreak of activism in the realm of bilateral free trade and investment agreements across the world. Many developing countries have found themselves swept off by the wave of bilateralism, not realizing it only weakens the cause of multilateralism.
Pakistan has asked the United States to sign the proposed Bilateral Investment Treaty (BIT) by dropping its demand that in case of an arbitration only the Washington based International Centre for Settlement of Disputes (ICSID) should be approached for a decision.
International Monetary Fund (IMF) has been informed that Pakistan and Afghanistan will soon submit a joint proposal for establishment of Qualified Industrial Zone at Pak-Afghan Border to export to the United States of America.
A Pakistani delegation led by joint secretary ministry of commerce Shahid Bashir will leave for Singapore on Monday (today) to formally initiate 3-day technical talks on Free Trade Agreement (FTA) on August 24, a senior government official told online here on Sunday.
Prime Minister Shaukat Aziz emphasizing that Pakistan and Bangladesh have a common heritage and enjoy a special and unique relationship said that we need to work towards free trade agreement.
D-8 region consisting of eight Muslim countries — Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey — has set the end of 2005 as the target for the finalisation of the last draft of the Preferential Trade Agreement (PTA).
Pakistan and Singapore will formally initiate 3-day technical parleys on Free Trade Agreement (FTA) on August 24, a senior government official told Online here on Thursday.
In a comprehensive approach to Indo-Pak engagement in Jammu and Kashmir, Former Pak Finance Minister Burki is calling for a sub-regional trade arrangement under the South Asia Free Trade Agreement (SAFTA).
The first round of negotiations on a Free Trade Agreement between Pakistan and China is scheduled to be held on August 15 and 16 at Urumqi, China.
With the start of free trade agreement between Pakistan and Sri Lanka, the annual trade volume between the two countries was likely to double within the first year due to the increase in trade in tea, textiles, betel leaves and other items.
Pakistan and Malaysia are likely to ink a Free Trade Agreement in October this year.
Unlike some other regions of the world, trade among the South Asian countries is meagre compared to their trade outside the region.
The Bangladesh commerce ministry is going to consultants to run a study to identify the benefits and possible risks of signing any bilateral trade agreement (FTA) with neighbouring countries.