ISDS Case Map
Pakistan
Though trade agreements like Preferential Trade Agreement (PTA) or Free Trade Agreement (FTA) are yet to be signed Pakistan and Turkey despite the claims from both sides for the last eight or so years, visiting Turkish steel exporters have stressed the need for just such agreement in order to boost bilateral trade.
The Federal government’s decision to liberalise trade with India and cabinet approval to eliminate negative list by year end are going to open country’s doors to Indian products whereas Pakistan has nothing significant to export India except raw gypsum, salt and dry fruits.
Special Assistant to the Prime Minister for Petroleum and Natural Resources Dr Asim Hussain on Thursday said that the Pakistan-Qatar Joint Ministerial Commission (JMC) would provide an excellent opportunity to enhance economic and trade relations between the two countries.
Indonesia has agreed to offer market access to Pakistan for 216 tariff lines on preferential rate under the Preferential Trade Agreement which was signed in Jakarta on Friday.
Indonesia and Pakistan signed a preferential trade agreement on Friday in a bid to boost bilateral economic cooperation and are expected to expand the trade deal into a free trade agreement in the near future.
The United States has said that a free trade accord is too big for Pakistan as there is no match between the economies of the two countries, says a top official of the commerce ministry.
Prime Minister Syed Yusuf Raza Gilani on Friday said Pakistan was keen to move towards a Free Trade Agreement with Thailand and stressed focussed talks for increased bilateral trade between the two countries.
Pakistan's former finance and prime minister Shaukat Aziz is not optimistic about a free trade agreement with the US saying that even when Congress was very friendly, they couldn’t get things through.
The signing of the Preferential Trade Agreement by Pakistan and Indonesia is expected this month and will lead to a Free Trade Agreement between the two countries
Trade liberalisation with India has partially been linked to signing of four agreements to remove all tariff and non-tariff barriers that hinder Pakistani exports to Indian market.
