"Enhancement of trade and investment is inevitable for economic integration of SAARC, where enormous potential already exits in areas of trade, investment and services, which need to be tapped in true perspective through pooling up resources and synergizing efforts at Government and Public sector level".
Saudi Arabia has unveiled plans to develop large-scale overseas agricultural projects to secure food supplies, revealing that Riyadh is in discussions with Ukraine, Pakistan, Sudan, Turkey and Egypt.
The second round of negotiations between Srilanka and Pakistan on Comprehensive Economic Partnership Agreement (CEPA) starts in Islamabad today (Tuesday).
Pakistan and Mauritius agreed to operationalise a free trade agreement between the two countries within 18 months to boost South-South trade. Addressing a press conference at the Ministry of Commerce after the conclusion of a three-day 7th Joint Working Group (JWG) meeting, Anand Priyay Neewoor, the head of Mauritius delegation, said the issue of sensitive products would be settled once the FTA became operational between the two countries.
A tactical manoeuvre by Pakistan into bilateral free trade arrangements with several Asian neighbours is threatening to throw its multi-billion shilling-a-year-tea trade with Kenya into a spin.
A top US diplomat has said the conclusion of a bilateral investment treaty with Pakistan would bolster economic and trade ties between the private sectors of the two countries.
President Pervez Musharraf said on Tuesday that Pakistan and China were close to signing another Free Trade Agreement (FTA) on trade and services that would further boost their economic and commercial ties.
Pakistan and China have made substantial progress towards entering a Transit Trade Agreement, expanding the scope of Free Trade Agreement, besides identifying new areas of cooperation to further strengthen their multi-faceted ties.
President Pervez Musharraf and President Mahinda Rajapakse of Sri Lanka on Friday agreed on improving their trade and commerce ties with specific focus on continuing Free Trade Agreement (FTA).