- News>
- Asia
US rules out FTA with Pak
Islamabad, Oct 18: The United States has ruled out the possibility of signing a free trade agreement with Pakistan, dealing a blow to Islamabad`s hopes of clinching the deal as a reward for its cooperation in the war on terrorism.
Islamabad, Oct 18: The United States has ruled out the possibility of signing a free trade agreement with Pakistan, dealing a blow to Islamabad's hopes of clinching the deal as a reward for its cooperation in the war on terrorism.
Visiting US assistant trade representative Ashley Wills told reporters here that there was little chance of US signing such a treaty with Pakistan.
"I want to be very honest with you, I do not see this (FTA) as a proximate possibility," and it was not going to happen in the next few years, Wills was quoted as saying by the media.
Pakistan has already cashed in on its exports to US by pushing its textile exports to 2.31 billion dollars in 2002 from about $426 million in 1999 by obtaining different trade concessions.
"We do not need to have a FTA to improve and liberalize trade between the United States and Pakistan. We can instead work on Trade and Investment Framework Agreement, (TIFA) to have more liberalised trade between the two countries," wills said adding that US wants Pakistan as an active trading partner.
Bureau Report
"I want to be very honest with you, I do not see this (FTA) as a proximate possibility," and it was not going to happen in the next few years, Wills was quoted as saying by the media.
Pakistan has already cashed in on its exports to US by pushing its textile exports to 2.31 billion dollars in 2002 from about $426 million in 1999 by obtaining different trade concessions.
"We do not need to have a FTA to improve and liberalize trade between the United States and Pakistan. We can instead work on Trade and Investment Framework Agreement, (TIFA) to have more liberalised trade between the two countries," wills said adding that US wants Pakistan as an active trading partner.
Bureau Report