Pakistan, US decide to relaunch Trade and Investment Framework Agreement

Published March 8, 2022
Commerce Secretary Mohammad Sualeh Ahmed Faruqui leads the meeting with Assistant US Trade Repr­e­s­entative Christopher Wilson on Monday. — PID
Commerce Secretary Mohammad Sualeh Ahmed Faruqui leads the meeting with Assistant US Trade Repr­e­s­entative Christopher Wilson on Monday. — PID

ISLAMABAD: Pakistan and the United States have decided to relaunch the process of Trade and Investment Framework Agreement (TIFA), Assistant US Trade Repr­e­s­entative Christopher Wilson said on Monday.

Talking to a group of journalists, Mr Wilson, who had a day-long session at the Ministry of Commerce, said that “both sides felt very productive meeting to relaunch the process since both the governments place a lot of value to TIFA”.

“We are hoping to sustain this engagement throughout this year at US Trade Representative level and potentially at trade ministers level at the later part of the year,” he said.

He said that both the countries had not held a lot of activities for several years under TIFA.

While referring to the meeting, he said the extensive agenda discussed both specific trade and market access issues as well as relationship between trade and labour rights issues. The meeting also discussed the role of regulatory practices and how trade operates between the two countries, he added.

Mr Wilson, who is heading the US delegation, said “our visit is part of reinforcing trade and economic dimensions of the relationship between the US and Pakistan”.

“We are looking forward to devoting energy and creativity as to how we can expand that relationship to solve problems,” the US official said.

Published in Dawn, March 8th, 2022

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Electable politics
Updated 04 Dec, 2023

Electable politics

With the PTI still on the wrong side of the political equation, the prospects will be bright for whoever takes the lead.
War of narratives
04 Dec, 2023

War of narratives

MILITARILY, there is no match between the Israeli war machine, and the defenceless people of Gaza. On one side is a...
Returns on deposits
04 Dec, 2023

Returns on deposits

DESPITE the deceleration of deposit mobilisation, bank deposits have jumped to a record high of Rs25.6tr in FY23. ...
Promises, promises
Updated 03 Dec, 2023

Promises, promises

The climate crisis transcends national borders and political agendas, demanding a unified, decisive response.
PCB’s strange decision
03 Dec, 2023

PCB’s strange decision

THE Pakistan Cricket Board’s decision-making and the way it is being run has become a joke. A day after appointing...
Resettling Afghans
03 Dec, 2023

Resettling Afghans

FOR two years now, since the Afghan Taliban took Kabul, thousands of Afghans in Pakistan who had worked for Western...