Modalities for a Free Trade Agreement (FTA) between Pakistan and Brunei Darussalam are being finalised and hopefully the agreement would be in place by the end of this year. This was stated by Pakistan's High Commissioner to Brunei Darussalam Major General (retd) Syed Haider Jawed, while speaking at Lahore Chamber of Commerce and Industry (LCCI) on Thursday.
Pakistan, which is keen on exporting cement and wheat to India, on Thursday said it is willing to fulfil its SAFTA commitments if the issue of non-tariff barriers are addressed.
Pakistan is in violation of the agreement on South Asian Free Trade Area (SAFTA) and the Vienna Convention by discriminating against India in the implementation of the regional accord, aside from risking its credibility as a negotiating partner, Indian High Commissioner Satyabrata Pal told a conference.
Pakistan will start negotiations with the European Free Trade Association (Efta) for signing Free Trade Agreement (FTA), which the Commerce Ministry hopes will boost Pakistan's exports.
Pakistan and Russia Thursday agreed to finalize a bilateral investment treaty and agreement on avoidance of double taxation with an objective to expand their trade and economic ties.
President General Pervez Musharraf on Saturday stressed the need for initiation of negotiations for a Free Trade Agreement (FTA) between Pakistan and the United States to strengthen the bilateral relations by boosting trade and investment links.
The Safta on Wednesday received a big boost with Pakistan agreeing to the views of Saarc leaders that the pact liberalising regional trade be implemented in “letter and spirit”.
Pakistan and Thailand will establish a joint bank and trade centre to promote bilateral trade and investment, said Punjab Trade & Investment minister here Friday.