A NEW CHAPTER IN TRADE: PAKISTAN URGES US FOR ZERO-TARIFF AGREEMENT
Pakistan proposed a zero-tariff bilateral agreement with the US, aiming to enhance trade volume. In recent times, Pakistan has offered a zero-tariff agreement to some sectors to minimize the effect of tariffs on its exports.
Every country faces a major setback after America’s tariff policies toward other countries. America is a huge international market and has billions of dollars in trade with other countries. As tariffs increase, every country is trying to take such steps that don’t affect its exports.
Both countries are appreciating this step as both countries want to enhance their economy and their exports. America is the main buyer of Pakistani textile, leather, and surgical equipment.
The expert says that this agreement paves the way for new jobs. Moreover, Pakistani goods will not only receive a way to showcase their products in the American market but also increase international collaboration.
The commerce minister of Pakistan welcomed the proposal and said that it is the new era of Pak-US relations. This thing shows Pakistan’s strong diplomatic position in trade.
