Trade ties with US ‘more important than ever’ for Pakistan’s economic stability: Price

admin 24 February, 2023
Updated 2023/02/24 at 6:53 AM
3 Min Read
US State Department spokesman addressing a press briefing on February 23 2023

Ned Price says there’s great potential to expand bilateral trade with Pakistan further

A strong alternate dating between the US and Pakistan is extra vital than ever to strengthen Pakistan’s monetary balance as it recovers from devastating floods, at the same time as at the equal time additionally providing possibility to Americans and to American corporations on this usa, exposing them to new markets – Pakistani markets in this example, US State Department Spokesperson Ned Price stated on Thursday.

The US said that the Trade and Investment Framework Agreement (TIFA) Council ministerial meeting hosted by using the US Trade Representative Ambassador Tai exemplified American dedication to deepening economic and industrial ties with Pakistan.

The US exchange courting with Pakistan has helped each Pakistani industries and consumers, Price said, adding, “We have long been Pakistan’s largest export marketplace, with capability for even in addition growth.”

The State Department spokesman said that his USA . Believed that there has been remarkable capability to increase bilateral alternate with Pakistan further, specifically in energy, agricultural system and merchandise, franchising, retail exchange, statistics and communications generation products and services.

America has been a leading investor in Pakistan for the past many years, and inside the beyond 12 months the united states of america’s investments have increased through a few 50 percent, he maintained.

US investment in Pakistan is the highest it’s been in over a decade, and US companies have introduced greater than $1.Five billion in investment plans in Pakistan given that 2019, he said, adding, “US groups and their local associates, moreover, are amongst Pakistan’s largest employers, with more or less 80 US agencies without delay employing extra than a hundred and twenty,000 Pakistanis.”

The spokesman of the State Department also spoke approximately the terror hazard going through Pakistan. He stated that the USA engagement was rooted inside the truth that terrorism is a threat that has taken many Pakistani, Afghan, different harmless lives over the route of a long way too a few years now.

“The United States and Pakistan have a shared hobby in making sure the Taliban stay up to the commitments that they have got made, and that terrorist corporations that can be energetic in Afghanistan – like ISIS-K, TTP, al-Qaida, are no longer able to threaten nearby balance,” he asserted.

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