Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 0 minute ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Pakistan, EFTA begin talks to boost bilateral trade
October 26, 2017
 Print    Send to Friend

ISLAMABAD: Pakistan and four-member European Free Trade Association (EFTA) initiated talks to finalise an agreement to take up the bilateral trade from the current level of less than one billion dollars.

The first meeting of the joint committee of Pakistan and EFTA member states was held in Geneva where both the sides discussed the status of bilateral trade and investment and agreed to explore future opportunities.

EFTA is a free trade association of four member states, comprising Iceland, Liechtenstein, Norway and Switzerland. Currently, the bilateral trade value stands at $588 million despite an enormous potential. Secretary Commerce Younus Dagha led the Pakistani side and showcased Pakistan’s open and friendly investment policies, with the recent rise in inward investment in the country.

Dagha made a detailed presentation on trade and investment opportunities in Pakistan, highlighting the improvements in the law and order situation, and rapid gains in the areas of energy, telecommunications connectivity and other infrastructure as a result of effective actions undertaken by the government.

“The developments under China-Pakistan Economic Corridor (CPEC) are a particular milestone, which is proving beneficial for not only the region but also for European investors in Pakistan,” he said in a statement.

“By entering into joint ventures with Pakistani businessmen, European Free Trade Association businesses could establish their footprint in the region and benefit from Pakistan’s increasing connectivity in the region of South and Central Asia.”

Internews

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
Pakistan to focus on economic issues to boost production
ISLAMABAD: Islamabad Chamber of Small Traders termed success of PTI in the general elections is a refreshing breeze as the welfare of the poor has been made primary econo..
USAID, Pakistan to boost agri-technology businesses
ISLAMABAD: USAID and the Pakistan Ministry of National Food Security and Research launched Pakistan Agricultural Technology Transfer Activity. Partnering with roughly..
Pakistan and Uzbekistan to enhance bilateral relations
QINGDAO: President of Pakistan Mamnoon Hussain met President of Uzbekistan Shavkat Mirziyoyev today at Qingdao China. President Mamnoon surveyed historical bilateral c..
SECP notifies regulations for non-profit associations
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the Associations with Charitable and Not for Profit Objects Regulations, 2018. The r..
Minister for energy in Pak visits Petroleum Division
ISLAMABAD: The Minister for Energy Syed Ali Zafar visited the Petroleum Division, and held meetings with senior officials of the Division. A comprehensive briefing wa..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright