ISDS Case Map
Pakistan
Domestic manufacturers are having nightmares as the tariffs of imported finished goods from South Asian Free Trade Agreement (SAFTA) member countries would come down to five percent from the next fiscal year, while the duties on raw materials used to produce same products remain much higher, an official said on Saturday.
President Asif Ali Zardari has said that Pakistan is now ready to engage with the European Union (EU) on Generalised System of Preferences (GSP) plus and a Free Trade Agreement.
Indian market has huge potential for Pakistani items, but experts are discussing India’s import impact on domestic economy, ignoring the potential of services sector exports to that country, according to speakers of a seminar on Thursday.
Islamabad and Seoul can raise bilateral trade up to $3 billion, for which both governments should expedite negotiations to sign a free trade agreement and encourage the visit of business delegations and exhibitors from either side, said a press release obtained from the Karachi Chambers of Commerce and Industry (KCCI) on Thursday.
An official delegation of Pakistan led by Secretary Commerce has discussed tariff preferences and reduction of non tariff barriers with the officials of the European Free Trade Association (EFTA) member in Geneva.
Almost a year after he visited Pakistan to lay the foundation for a change in trade relations between the two neighbours, commerce secretary Rahul Khullar tells Sidhartha things have moved faster than anticipated.
The draft of the Pak-US Bilateral Investment Treaty (BIT) has been sent to the Pakistani cabinet for approval, official sources told The News on Monday.
The government has decided to exclude financial services from the SAARC agreement on trade in services, following strong objection from the Reserve Bank of India, or RBI. The central bank has argued that India has already allowed access to foreign banks under the World Trade Organization agreement.
India and Pakistan will soon begin discussions on a preferential trading arrangement to lower import duties on an array of goods. The talks will be held under ambit of South Asia Free Trade Agreement (SAFTA) signed eight years ago between member states of South Asian Association for Regional Cooperation (SAARC), a senior Indian official said on Saturday.
Pakistan and Morocco should finalise Free Trade Agreement (FTA) as it is conducive to enhance overall trade, which provides comprehensive and legally binding protection to foreign capital, repatriation of principal amount and the profits.
