Pakistan's trade policy objectives are a key priority of the democratic Pakistan Government, focused on reducing protection, achieving a more outward-oriented trade regime, and increasing market access for Pakistan's core exports. Pakistan, being one of the founding members of the WTO, supports a system of global integration aimed at enhancing economic efficiency, competitiveness and export-led growth. Pakistan has undertaken a number of trade diplomacy initiatives to support the country's economic goals.
International Trade Agreements:
Afghanistan-Pakistan Transit Trade Agreement
- In October 2010, Pakistan and Afghanistan signed a new transit trade agreement to boost economic activities and bring prosperity and stability in the region. The landmark deal will allow the countries to use each other's land routes for exports, upgrading a similar agreement from the 1960s.
China-Pakistan Free Trade Agreement (FTA)
- China and Pakistan signed an agreement in July 2010 on economic and technical cooperation. The Free Trade Agreement with China in Goods and Services ensures full security to Chinese investments in Pakistan. Pakistan provides a low-cost and hard-working labour force together with liberal incentives and access to regional markets. Pakistan offers unique opportunity to Chinese investors to invest in Pakistan.
Mango Export to Jordan
- In July 2009, Jordan lifted its ban on Pakistani mango imports, and the two countries'quarantine departments signed a Memorandum of Understanding to ensure the safe transport of mangoes.
Mango Export to the United States
- Recent sanitary and phyto-sanitary approvals have allowed the export of Pakistani mangoes to the United States for the first time. Both countries renewed their commitment to the Agricultural Investment Strategy and ongoing agricultural development projects such as the Mango Export Project through the U.S.-Pakistan Strategic Dialogue in October 2010.
South Asian Free Trade Areas (SAFTA)
- This agreement was reached by India, Pakistan, Nepal, Bangladesh, Sri Lanka, Maldives, and Bhutan on 6 January 2004 and entered into effect on 1 January 2006. It calls for tariff reductions for intraregional trade.
PTA with Indonesia
- A PTA between Indonesia and Pakistan currently under negotiations would boost strong bilateral trade ties and encourage business cooperation between the two most populous Muslim countries in the world.
- Pakistan and Morocco accelerated Preferential Trade Agreement and Free Trade Agreement negotiations at the First Session of the Joint Ministerial Commission (JMC) in 2008.