ISDS Case Map
Pakistan
The federal cabinet is expected to accord ex-post fecto approval to the signing of Framework Agreement between Pakistan and Indonesia on Comprehensive Economic Partnership (CEP) and its ratification on Thursday.
The signing of a Bilateral Investment Treaty (BIT) between Pakistan and the US, expected on the eve of visit of President Bush this weekend in Islamabad, has apparently been put off again as businessmen give no indication of firm answers from the US on objections raised by Pakistan on certain clauses.
US President George W. Bush said on Wednesday that a bilateral investment treaty that he is planning to sign during his visit to Islamabad will be the first step towards greater trade and commercial relations with Pakistan.
Pakistani Prime Minister Shaukat Aziz Wednesday approved negotiations on bilateral investment agreement between the governments of Pakistan and Kuwait.
Pakistan has ratified the much-trumpeted South Asia Free Trade Agreement (Safta), but trade between India and Pakistan will not be initiated under this agreement, instead it will continue under the existing import regime.
Bangladesh and Pakistan will soon start formal negotiations on bilateral free trade agreement (FTA) in a bid to sign the deal by next September, Foreign Minister M Morshed Khan said here yesterday.
The Pakistani cabinet approved a regional pact on Wednesday to promote free trade and economic ties in South Asia, home to nearly one-fifth of the world's population.
Pakistan and Bangladesh signed four memoranda of understanding (MoUs) on trade, standardisation and quality control, agriculture and tourism on Monday.
Free Trade Agreement (FTA) initiatives with Pakistan, Australia and New Zealand are expected to be completed this year, Malaysia's International Trade and Industry Minister Datuk Seri Rafidah Aziz said Tuesday. She also said that FTA negotiations with the US and India would also begin this year, followed by the launch of a joint feasibility study for a possible FTA between Malaysia and Chile.
Pakistan and Bangladesh have agreed to finalise bilateral free trade area (FTA) agreement within the shortest possible time, by September at the latest, to create scope for easy access of Bangladeshi products to Pakistani market as a measure for reducing the existing trade gap.
