Commerce Minister urges traders to support trade liberalization

ISLAMABAD (APP) – In order to bring Pakistan more competitive in the world trade market, Commerce Minister Engr. Khurram Dastgir Khan Thursday urged business community of the country to support trade liberalization agenda of the government.

Referring to Free Trade Agreement (FTA) with China signed in 2006, the minister said Pakistan exports have tremendously benefitted from the concessions in terms of raw material imported for exportable products and it has helped to make our products more competitive.

He was speaking to the delegation of newly elected office-bearers of Islamabad Chamber of Commerce & Industry (ICCI), led by its President Khalid Iqbal Malik here in his office Thursday.

The minister assured the business representatives that there was absolutely no threat whatsoever of rolling back Pakistan’s GSP Plus agreement with European Union (EU) in the aftermath of the Brexit.

“We are negotiating with the UK to sign a GSP+ like agreement with Pakistan so that both the countries may continue further to strengthen the trade relations even after March 2019,” the minister added.

The minister said Pakistan has not made noteworthy progress in signing FTAs with different economies since last one decade, adding “Now, we are negotiating FTAs with Turkey, Thailand, Iran and South Korea to boost our exports on sustainable basis.”

He informed the delegation that projects completing under China-Pakistan Economic Corridor (CPEC) facility would not only benefit Pakistan’s exports but our next generations will also continue to reap the benefits of it.

Under CPEC, he added, 16 projects are progressing at fast pace, while energy projects will start supplying electricity from March 2017 to the national grid.

The ICCI delegation invited Minister for Commerce to visit its office and newly established Export Display Center. They demanded the minister to help them in availing a one-window facility for exporters and traders, addressing lease extension issues with capital administration and unnecessary duty impositions.

Burglary Victim Violated for a Second Time After Authorities Seize His Firearms for This Reason…
8 Year Old Alabama Boy Viciously Murders 1 Year Old Girl, Where Her Mother Was at the Time Will Have You Seeing Red
Obamas VA Demanded an Army Ranger Amputee Provide PROOF of His Missing Leg
California University Now Paying Employees to Learn Spanish
Oil prices jump on report Iran could support OPEC limits
Commerce Minister urges traders to support trade liberalization
UK plans lower corporation tax to cushion hit from Brexit
Maxus awarded Nestle Digital Media planning & buying account
Top 10 Insane Conspiracy Theories About Music Stars
10 Weirdest Musical Instruments
A Tribute To Remember
No Way To ‘Let It Go’
Why Donald Trump has defied the odds: It’s insulting to think he wins by insulting
Jeb Bush, Shows He Has Zero Selfie Awareness
Apparently, Democrats saying “Donald Trump wants to make America sick again” really got under Trump’s skin
Hillary Clinton gets blindsided by change again: How the White House – and so much more – was lost
Football Hockey Sport
Tennis: Kvitova rekindles love affair with grass
Squash: Shorbagy takes record high to the world’s tallest building
Chelsea skipper Terry to remain out for 2 weeks due to injury
Top 10 Nazi Propaganda Films
10 Of The Best Films Of 2016 You May Have Missed
10 Dark Hollywood Scandals That Are Long Forgotten
Top 10 Best South Korean Movies