Karachi: Pakistan and United States convened an intersessional meeting under Trade and Investment Framework Agreement (TIFA), according to statement released.

Officials from both nations deliberated on wide array of areas aimed at enhancing trade and investment relationship.

According to acting US Mission spokesperson Thomas Montgomery, discussions encompassed various aspects including good regulatory practices, digital trade, protection of intellectual property, women’s economic empowerment, labour rights, textiles, investment and agricultural issues.

Noteworthy progress was made particularly in facilitating access for US biotechnology products and beef within Pakistan. Meeting comes in wake of recent visit by Finance Minister Muhammad Aurengzeb to United States.

Montgomery said in statement, “Engagements like TIFA are key to moving forward on our shared goals of deepening economic bilateral relationship and furthering prosperity of working people in both countries.”

US Mission spokesperson concluded statement by underscoring role US plays as Pakistan’s trade partner. “United States has long been Pakistan’s largest export market, with potential for further growth.

In 2023, United States imported $ c5 billion in Pakistani goods, while overall, US-Pakistan goods trade measured $ 7 billion,” he said. “More than 80 US companies currently operate in Pakistan, supplying high quality goods to Pakistani market and employing hundreds of thousands of Pakistanis,” read statement.

Published in The Daily National Courier, April, 26 2024

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