US & Pakistani Officials engage to improve trade and investment

BusinessUS & Pakistani Officials engage to improve trade and investment

ISLAMABAD, Pakistan: The United States and Pakistan held an intersessional meeting under the Trade and Investment Framework Agreement (TIFA) in Islamabad on Thursday.

The US and Pakistani officials discussed a broad range of areas to enhance the bilateral trade and investment relationship.

   

The dialogue focused on good regulatory practices, digital trade, the protection of intellectual property, women’s economic empowerment, labor, textiles, investment, and agricultural issues, which included progress on access for US biotechnology products and beef.US & Pakistani Officials engage to improve trade and investment

The Acting US Mission Spokesperson Thomas Montgomery said that coming on the heels of the Finance Minister Muhammad Aurangzeb’s visit to the United States, engagements like the TIFA are key to moving forward on our shared goals of deepening the economic bilateral relationship and furthering the prosperity of working people in both Countries.

Thomas Montgomery said that the United States has long been Pakistan’s largest export market with potential for further growth. In 2023, the United States imported US$ 5 billion in Pakistani goods while overall, US-Pakistan goods trade measured US$ 7 billion.

The Acting US Mission Spokesperson said that the United States has also been a leading investor in Pakistan for the past 20 years and more than 80 US Companies currently operate in Pakistan, supplying high quality goods to the Pakistani market and employing hundreds of thousands of Pakistanis.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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