Optimism in US-Pakistan Trade Talks
Pakistan and the US are optimistic about positive outcomes from ongoing trade talks. Finance Minister Aurangzeb met with US officials to enhance trade ties and negotiate tariffs. Both nations reaffirmed their commitment to strengthening trade relations, focusing on various sectors including IT, agriculture, and minerals.
- Country:
- Pakistan
In a series of crucial meetings in Washington, Pakistan and the US expressed optimism for the outcomes of ongoing trade talks. Finance Minister Muhammad Aurangzeb met with key American officials as part of efforts to enhance bilateral trade ties.
Pakistan currently faces a 29 percent tariff on exports to the US, a measure enforced under President Donald Trump's administration targeting countries with substantial trade surpluses. In response, Aurangzeb engaged in discussions with US Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer.
According to a statement from Pakistan's finance ministry, the meetings were productive, and both nations are committed to expanding cooperation in sectors like IT, agriculture, and minerals. A formal announcement is anticipated after the US concludes negotiations with other trading partners.
(With inputs from agencies.)
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