Officials from Pakistan and the United States Meet to Promote Trade and Investment
The United States and Pakistan had an intersessional conference in accordance with the Trade and Investment Framework Agreement (TIFA). In order to strengthen their bilateral trade and investment ties, officials from the United States and Pakistan talked about a wide variety of topics. Good regulatory standards, digital commerce, intellectual property protection, women’s economic empowerment, labour, textiles, investment, and agricultural issues—including advancements in access for beef and U.S. biotechnology products—were the main topics of conversation during the discussion.
Following the visit to the US by Finance Minister Muhammad Aurengzeb, events such as the TIFA are essential to advancing our mutual objectives of strengthening our bilateral economic ties and enhancing the well-being of the working classes in both nations. With room to develop, the United States has long been Pakistan’s top export destination. In 2023, the total value of products traded between the United States and Pakistan was $7 billion, of which $5 billion were imported by the United States. Over the last 20 years, the United States has also been one of the biggest investors in Pakistan; at present, over 80 American businesses are present in the country, providing high-quality items to the Pakistani market and providing jobs for hundreds of thousands of Pakistanis.
Editor: Kamran Raja