Pakistan, US relaunch Trade, Investment Framework Agreement

Pakistan, US relaunch Trade, Investment Framework Agreement

ISLAMABAD (UNA-OIC) – Pakistan and the United States (US) have relaunched the Trade and Investment Framework Agreement (TIFA) process to promote trade and investment for the benefit of both the countries, Assistant U.S. Trade Representative (AUSTR) for South and Central Asia, Christopher Wilson said.

“We succeeded in re-launching the TIFA…. we feel quite satisfied,” AUSTR said in a virtual press talk with a selected group of journalists after holding negotiations with the ministry of commerce.

He said that several challenges in the relationship and difficulties that needed to be overcome were discussed in the meetings. “There was a very positive dynamic in the discussion,” he remarked.

He said the purpose of their visit to Islamabad was to principally cover some meetings related to the TIFA mechanism that the US had negotiated with Pakistan some years ago. The mechanism provides a structure for both the governments to engage in future trade and investment.

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