ISLAMABAD: Trade Dispute Act of 2022 (TDA-2022), provided establishment of comprehensive regime in Pakistan for swift and effective resolution of disputes relating to exports and imports of goods and services including e-commerce trade.

Director General Trade Disputes Resolution Organisation, Ministry of Commerce Abdul Salam Shah told APP that new law for resolution of trade disputes was coming in cabinet to define time frame to resolve different disputes of international trade through ‘Trade Dispute Act 2022.’

Under new law, trade disputes would be decided in time frame for providing ‘Ease of Doing Business’ to Import and export business, he said.

President of Faisalabad Chamber of Commerce and Industry Dr. Khurram Tariq, told APP that trade agreements must be strictly implemented.

Earlier, joint sitting of Parliament passed ‘Trade Dispute Resolution Bill, 2023’ to establish commission attached with Ministry of Commerce to settle dispute between trading parties and ‘Trade Organisations (Amendment) Bill, 2023’. House passed Bill with majority incorporating minor amendments.

Trade Dispute Resolution Bill, 2023 provides for establishment of comprehensive regime in Pakistan for swift and effective resolution of disputes relating to export and import of goods and services including through E-Commerce.

Moreover, absence of proper Trade Dispute Resolution Mechanism in Pakistan is adversely affecting its ranking in ease of doing business. Trade Dispute Resolution Organisation has been established as an attached department of Ministry of Commerce.

Published in The Daily National Courier, November, 11 2023

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