Pakistan and US Advance Reciprocal Trade Negotiations
Pakistan and the US have agreed to expedite negotiations on reciprocal tariffs to finalize a trade deal. This decision was made in a virtual meeting between Pakistan’s Finance Minister and the US Commerce Secretary. The discussions aimed to enhance economic ties and address trade balance issues.
- Country:
- Pakistan
Pakistan and the United States are set to accelerate talks on reciprocal tariffs in hopes of finalizing a trade agreement swiftly. In a recent virtual meeting, Finance Minister Muhammad Aurangzeb and US Commerce Secretary Howard Lutnick made strides towards strengthening economic relations.
The discussion focused on meaningful engagement in trade and investment, with both sides agreeing to technical-level discussions in the near future. This agreement aims to address Pakistan's $3 billion trade surplus with the US and a potential 29% tariff on its exports.
Finance Minister Aurangzeb, speaking at an event in Islamabad, emphasized the progression of the strategic partnership with the US and committed to maintaining economic reforms in areas such as taxation and energy.
(With inputs from agencies.)
- READ MORE ON:
- Pakistan
- US
- trade
- tariffs
- negotiations
- economy
- commerce
- surplus
- partnership
- reforms
Google News