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Singapore is an important trade partner with Pakistan. Trade volume between the 2 countries is around US$2.5 billion. Singapore exported goods worth US$2.124 billion compared to US$228 million imports from Pakistan. [11] Singapore is also one of the largest investors in Pakistan. [12] with investment around US$2 billion. [13]
The CTG is a part of the Ministry of Commerce. They lead foreign trade negotiations with different countries to secure trade deals. Pakistan has successfully negotiated three Free Trade Agreements (FTAs) with Sri Lanka, China, and Malaysia, as well as three Preferential Trade Agreements (PTAs) with Iran, Mauritius, and Indonesia.
Serbia free trade agreement [5] Singapore free trade agreement [6] European Union Armenia qualifies to export its products under the EU's Generalized System of Preferences (GSP) Georgia [7] Ukraine [8] United States Armenia qualifies to export its products under the U.S. Generalized System of Preferences (GSP) program
Pakistan has bilateral and multilateral trade agreements with many nations and international organizations. It is a member of the World Trade Organization, part of the South Asian Free Trade Area agreement and the China–Pakistan Free Trade Agreement. Fluctuating world demand for its exports, domestic political uncertainty, and the impact of ...
Special Economic Zones (SEZs) in Pakistan are areas designated by the government of Pakistan to promote industrial growth and attract investment. In Pakistan, the SEZ Act was established on 13 September 2012, alongside the subsequent notification of SEZ Rules within the same year. [1] [2]
The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1]
Export-oriented industrialization was particularly characteristic of the development of the national economies of the developed East Asian Tigers: Hong Kong, Singapore, South Korea, and Taiwan in the post-World War II period. [1] Export-led growth is an economic strategy used by some developing countries. The strategy seeks to find a niche in ...
For both Pakistan and China, the Gwadar port as part of the much-wide China Pakistan Economic Corridor offers a number of key benefits. For the Pakistani government, the Gwadar port is seen as having the potential of hedging against a potential Indian blockade of the port of Karachi , which currently handles 90% of Pakistani seaborne trade.