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Tag Archives: Free Trade Agreement (FTA)

Knitwear exporters sign free trade agreement with European Union

BRUSSELS: Knitwear exporters in Tirupur cluster have made an appeal to expedite the signing of Free Trade Agreement (FTA) and also the Comprehensive Economic Partnership Agreement (CEPA) with European Union (EU). The call was made ahead of the Union Minister of State for Commerce Nirmala Sitharaman’s scheduled meeting with the EU Trade Commissioner Anna Cecilia Malmstrom to take stock of ... Read More »

Pak-Sri Lanka to ink $2.7b trade agreement

COLOMBO: Pakistan and Sri Lanka have the potential to increase bilateral trade over six times from the current $380 million to $2.7 billion by just effectively utilising their Free Trade Agreement (FTA), a study has revealed. The Pakistan Business Council (PBC), a not-for-profit research-based business advocacy forum that represents Pakistan’s 47 largest businesses, conducted the study titled “An assessment of ... Read More »

Iran, Pakistan to sign agreement to expand trade

TEHRAN: Pakistan has offered Iran to sign a free trade agreement (FTA), Pakistani Commerce Minister Khurram Dastgir Khan said in a statement. Meanwhile, Pakistani Ambassador to Tehran Noor Mohammad Jadmani has underlined his country’s willingness to expand trade and economic cooperation with Iran. “Pakistan is seeking expansion of trade and economic relations with Iran,” Jadmani said in a meeting with ... Read More »

Russia, Vietnam trade hits $2.6b in 2014

MOSCOW: Two-way trade between Viet Nam and Russia hit $2.6 billion in 2014. However, it accounted for less than 1 percent of Viet Nam’s total import-export activity with the world, which was US$298.2 billion. This means that economic potential between the two nations was not being fully exploited, according to the General Department of Viet Nam Customs. Enterprises that trade ... Read More »

Vietnam to export 19.5% of its Pangasius to EU, Russia

MOSCOW: Vietman will export 19.5 percent of its Pangasius to European Union (EU) and Russia in this running year. As a result of the latest Vietnam and EU negotiation round that took place in Brussels (Belgium) in January, tax on pangasius as well as other seafood was agreed to be strongly cut, Vietnam Association of Seafood Exporters & Producers (VASEP) ... Read More »

Seminar highlights oppertunities: Dar invites Japanese investors to tap Pakistan’s potential

ISLAMABAD: Huge potential exists for cementing economic ties between Pakistan and Japan as Pakistan offers a big market for investment in energy, automobile, textile, surgical equipment, infrastructure, engineering, agriculture and SMEs. While addressing Japanese businessmen at an investment seminar, Finance Minister Muhammad Ishaq Dar lauded Japan’s economic assistance to Pakistan and highlighted potential areas of investment to further boost the ... Read More »

$10b to $14b trade with China: Pakistan resists demand of more concessions under Free Trade Agreement

ISLAMABAD: Pakistan has expressed concerns of local industrialists to China over the concession given to Chinese products and minimum facilities given to local manufacturers under the Pak-China Free Trade Agreement. The concerns were raised on the start of three-day meeting of Pakistan and China to review the Free Trade Agreement (FTA), which is in effect since 2006. This is the ... Read More »

$10b to $14b trade with China: Pakistan resists demand of more concessions under Free Trade Agreement

ISLAMABAD: Pakistan has expressed concerns of local industrialists to China over the concession given to Chinese products and minimum facilities given to local manufacturers under the Pak-China Free Trade Agreement. The concerns were raised on the start of three-day meeting of Pakistan and China to review the Free Trade Agreement (FTA), which is in effect since 2006. This is the ... Read More »

New policy to appoint staff at trade missions abroad from next year: Dastgir

ISLAMABAD: New policy for the appointment of officers as commercial counsellors, commercial attachés and others at Pakistani trade missions abroad is likely to be implemented next year. “A complete new badge of officers at Pakistani Trade Missions will be sent and all the sitting officers will be called back by the Ministry of Commerce,” said Minister for Commerce Khurram Dastgir ... Read More »

Pakistan proposes trade agreements with Russia

ISLAMABAD: The federal government has formed a committee headed by Finance Minister Ishaq Dar to address the concerns of exporters regarding lack of coordination with Russian Customs authorities. The government has also proposed the Russian Federation to ink Preferential Trade Agreement (PTA) and Free Trade Agreement (FTA) with Pakistan Customs, however, Russian Customs decided to respond after consultation with all stakeholders ... Read More »

US says put no bar on LNG export to Pakistan

ISLAMABAD: While praising Pakistan for its efforts to set up a liquefied natural gas (LNG) import terminal, the US has insisted that it slapped no bar on any country that is not part of the Free Trade Agreement (FTA) with Washington including Pakistan, on inking an LNG supply deal with US private enterprises. “Establishing an LNG import terminal and a ... Read More »

Pak-China FTA: Leather exports yet to reap benefits

KARACHI: Pakistan is not benefiting from Free Trade Agreement with China, as the leather industry is still paying around 9 per cent import duty on its export goods to China owing to non-implementation of zero-duty under FTA regime. “With a view to enhance bilateral trade, Pakistan and China, around 7 years back, had signed an FTA under which both the ... Read More »