MoC shares pro­posed draft of PTA to Ta­jik trade au­thor­i­ties

Pakistan Observer - - ECONOMY WATCH -

MIAN AR­SHAD ISLAMABAD—Min­istry of Com­merce has pro­vided the Ta­jik trade au­thor­i­ties with the draft of the pro­posed PTA on which fur­ther ne­go­ti­a­tions will take place. Pak­istan wants to en­ter into a larger trade fa­cil­i­ta­tion frame­work with the Cen­tral Asian states to al­le­vi­ate the un­wanted re­stric­tions which bar trade and in­vest­ment to flour­ish freely. Pak­istan’s ex­ports to Ta­jik­istan have risen from $ 6.89 mil­lion in 2012-13 to $ 7.42 mil­lion in 2014-15 while im­ports de­creased from $ 0.44 mil­lion to $ 0.068 mil­lion dur­ing the same pe­riod.

Pak­istan’s ma­jor ex­ports to Ta­jik­istan in­clude sugar, dairy prod­ucts, med­i­cal and phar­ma­ceu­ti­cal prod­ucts, con­struc­tion ma­te­rial in­clud­ing ce­ment, rice, hand­i­crafts and meat while ma­jor im­ports in­clude ma­chin­ery and its parts, chem­i­cal ma­te­rial and prod­ucts, dye­ing, tan­ning and color­ing ma­te­rial. Min­is­ter for Com­merce Engr. Khur­ram Dast­gir Khan told the vis­it­ing Ta­jik Min­is­ter for En­ergy Us­mon­zoda Us­mon­ali Yunusali here in a meet­ing, say­ing that Pak­istan wanted to con­clude bi­lat­eral ar­range­ments of tran­sit trade and Pref­eren- tial Trade Agree­ment with Ta­jik­istan this year in or­der to gen­er­ate mas­sive trade and in­vest­ment ac­tiv­ity be­tween Pak­istan and Cen­tral Asian states.

He said that the CASA-1000 project will pro­vide the ba­sis to con­vert that trans­mis­sion zone into en­ergy cor­ri­dor where en­ergy grids can flow both ways. The Ta­jik Min­is­ter said that the en­ergy and road projects are ex­tremely vi­tal for the Ta­jik econ­omy and the Ta­jik Gov­ern­ment is pur­su­ing them ag­gres­sively. He said that upon suc­cess­ful com­ple­tion of the CASA-1000 project the two coun­ties may ex­plore the pos­si­bil­ity of an­other rel­a­tively smaller elec­tric­ity line through Wakhan cor­ri­dor of Afghanistan into Pak­istan. Yunusali hinted at im­ported oil form Mid­dle East and refin­ing it in Pak­istan be­fore tak­ing it up North to Ta­jik­istan through a pipe­line. This would di­ver­sify the en­ergy pro­cure­ment op­tions of Ta­jik­istan in fu­ture, he added. He was of the view that through the tran­sit of en­ergy Pak­istan will ben­e­fit greatly through the tran­sit fee. Ta­jik Min­is­ter con­veyed the good wishes of his lead­er­ship and ex­pressed their de­sire to con­vert the warm political re­la­tions into solid eco­nomic foun­da­tion.

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