Islamabad, 25 October 2023 (TDI): Dr. Gohar Ejaz, Minister for Commerce and Industries & Production, and Ambassador Katherine Tai, United States Trade Representative (USTR) held a virtual meeting on 24 October 2023.
They further discussed the progress made after holding the 9th Pakistan-United States Trade and Investment Framework Agreement (TIFA) Council meeting earlier in the year.
Ambassador Tai highlighted the importance of Pakistan as an important trading partner of the US and acknowledged that the continuous engagement between both countries is always encouraging.
The discussion encompassed a variety of trade-related matters, with a particular emphasis on enhancing the economic relationship between the two nations.
The Commerce Minister informed Ambassador Tai about the efforts undertaken by the Government of Pakistan to improve the business climate.
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The Commerce Minister suggested considering duty-free access to textile and garments export to the USA as Pakistan imports a major chunk of cotton from the USA.
Furthermore, the Commerce Minister also suggested that to add value to the bilateral trade, joint ventures in textile and industrial manufacturing should be explored.
Commerce Minister also stressed that the USA is the top destination for IT and ITeS exports from Pakistan and both countries can benefit from the potential of IT in Pakistan.
Both sides agreed to work closely on various bilateral trade and investment matters to enhance the economic cooperation between Pakistan and the USA.
The Commerce Minister apprised Ambassador Tai of the initiatives taken by the Government of Pakistan to enhance the business environment.
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