ISDS Case Map
Pakistan
The hoped for trade cooperation in South Asia remains a dream, six decades down the line. Even the much trumpeted South Asia Free Trade Agreement (SAFTA), by some accounts, seems to be sailing down to the sea -- the Indian Ocean -- unless the region's leaders cooperate.
The ministry of commerce on Friday claimed that after the enforcement of the Pakistan-Sri Lanka Free Trade Agreement, bilateral trade has doubled, without giving any figures in this regard.
The first meeting of joint committee, of Pak-Sri Lanka Free Trade Agreement held here on Friday which reviewed the progress of the agreement. The joint committee was established under article 11 of Pak-Sri Lanka Free Trade Agreement.
President Karachi Chamber of Commerce and Industry Majyd Aziz has called for creating awareness of intellectual property rights and effective enforcement of IPR legislation in order to attract investment in the country.
Federal Commerce Minister Humayun Akhtar Khan said Monday that Pakistan was ready to sort out SAFTA related issues with India through bilateral talks.
Mercosur, a regional group of four Latin American countries (Argentina, Paraguay, Uruguay and Brazil), has expressed its willingness to sign a free trade agreement (FTA) with Pakistan.
The United States has said that a small but significant number of differences are persisting on issues of considerable importance to the US in the proposed Pak-US Bilateral Investment Treaty (BIT), however, this indicates that discussion on the treaty are expected to continue in 2007.
The 25-country European Union - the biggest market for Pakistani products - is likely to be closed down for Pakistan, as the EU refused to sign a free trade agreement (FTA), arguing that the size of Pakistan's economy is not enough for such a trade deal, a senior government official told The News.
Pakistan regrets an Indian decision to review tariff concessions extended to Pakistan under a regional trade agreement but will not retaliate, a senior Pakistani government official said on Tuesday.
The ongoing dialogue between Pakistan and Malaysia on a free trade agreement (FTA) has hit snags as the main stakeholders in the country strongly oppose the proposed 20 per cent cut in tariff on the import of palm oil as demanded by Malaysia.
