ISLAMABAD/WASHINGTON — Pakistan and the United States are poised to wrap up their latest round of trade negotiations by next week, following productive discussions on market access, tariffs, and economic cooperation.
High-level delegations from both countries have focused on reciprocal trade barriers, aiming to boost exports from Pakistan—such as textiles, leather goods, and agricultural products—while offering US access for services and technology-driven sectors.
Officials report progress in several key areas:
- Tariff Reductions: The two sides are close to finalizing plans that would lower customs duties on select Pakistani exports in return for reduced trade restrictions on American service providers.
- Customs & Standards: Talks have included efforts to streamline inspection processes and align product quality standards to reduce bottlenecks and compliance costs.
- SME Engagement: There is a growing emphasis on enabling small and medium-sized enterprises in Pakistan to access US markets through improved regulations and export support mechanisms.
Well-informed sources say this round has been more results-oriented than previous ones, with both sides expressing optimism that a framework can be agreed upon. Pakistani officials view a successful conclusion as a significant boost to export revenue, foreign investment, and bilateral economic ties.
In Washington, US trade representatives have welcomed progress, stating that enhanced ties with Pakistan can support both countries’ strategic interests and build deeper economic integration.
Once finalized, the agreement will undergo legal reviews and parliamentary oversight before official implementation, which is expected early next year.
This story has been reported by PakTribune. All rights reserved.
