High-level Pakistani delegation to visit US for trade and tariff negotiations
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Prime Minister Shehbaz Sharif addresses a meeting of the heads of coalition parties at the PM House in Islamabad on April 26, 2023. — Online
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ISLAMABAD: Pakistan has pledged to send a senior -level delegation to the United States to focus on stabilizing bilateral trade relations and discussing recent US tariffs on Pakistani exports.
The decision was taken during a review meeting held in Islamabad on Wednesday under the instructions of Prime Minister Shahbaz Sharif, in which Hadle focused on increasing national exports and discussing Washington’s recent tariff measures.
The delegation will include entrepreneurs and leading exporters, who reflect the government’s intention to include key stakeholders in the formation of a mutual way.
The Prime Minister has assigned the task of discussing the newly introducing prices to the delegation and developing a long -term strategy to protect and expand Pakistan’s trade interests.
Following the Islamabad move, Washington announced a 29 % duty on goods from Pakistan in response to a 58 % tariff on US products obtained from Pakistan.
According to a senior trade ministry official, Pakistani exports will now face a total tariff of 39 %, which contains 10 % baseline import duty and 29 % mutual rates.
The United States is Pakistan’s largest country export market, worth about $ 6 billion annually, mainly textile.
Following President Donald Trump’s announcement, Prime Minister Shahbaz had constituted a 12 -member steering committee to deal with mutual rates.
Meanwhile, preliminary estimates suggest that Islamabad could cost between $ 500 and $ 700 million.
Today’s meeting, under the leadership of Prime Minister Shahbaz, Deputy Prime Minister and Foreign Minister Ishaq Dar, Federal Ministers Ahsan Iqbal, Mohammad Aurangzeb, and Ali Praws Malik as well as Prime Minister’s Advisor Syed Tafir Shafal, and Horon Akhstertar, Coordin EH Esin and Haroon Achin, Achin, Kovan, Achin, Achin, Achin, Achin, Achin, and Haroon Achin.
During the hood, Premier was briefed about the working group formed to evaluate the results of the steering committee and the effects of new revenue. Various alternative strategies were presented to the forum.
Officials told the meeting that the Pakistani embassy in Washington was in a constant contact with the US administration regarding the matter.
Prime Minister Shahbaz reiterated that Pakistan appreciates its decades -old trade relations with the United States and seeks to further strengthen this strategic partnership.
He emphasized that the delegation has to ensure that all concerned business leaders and exporters are part of the dialogue process.
Want to work with the White House
Prime Minister Shahbaz has been announced only after Prime Minister Shahbaz’s sending to the United States – during a meeting with a senior bureau official in the US Department of State Eric Mayor and a US team headed by the acting Assistant Secretary of South and Central Asian Affairs, he reiterated his government.
The meeting took place at the Pakistan Mineral Investment Forum, attended by the US delegation.
During his talks, the Prime Minister welcomed the US participation in the forum and emphasized that Pakistan’s mineral sector offered immense opportunities, encouraging US companies to invest in this priority sector.
He promoted not only in bilateral contexts but also in regional peace and security as well as cooperation in the areas of mutual interest and cooperation in the fields of mutual interest, including investment and counter -terrorism.
Meanwhile, the mayor recognized the capacity of Pakistan’s mineral sector and brought the interest of US companies to invest in the mineral sector. He also expressed his desire to work with Pakistan on issues of common interest.
