Beyond The Time News

Pakistan and US Explore Fair Trade Deal, Focus on Economic Cooperation and Stability

Pakistan and the United States have expressed interest in advancing a fair and balanced trade agreement aimed at boosting economic cooperation between the two countries. According to Beyond Time News, the discussions were held in a virtual meeting between Federal Minister for Commerce Jam Kamal Khan and US Deputy Trade Representative Rick Switzer.

Both sides focused on expanding bilateral trade and identifying new areas of economic collaboration.

US Acknowledges Pakistan’s Role in Regional Stability

During the talks, the US side appreciated Pakistan’s constructive role in promoting regional stability. According to Beyond Time News, Deputy USTR Rick Switzer noted that Pakistan’s engagement in regional dialogue has contributed to a more stable environment for international trade.

He also expressed willingness to continue working with Pakistan to strengthen economic ties.

Pakistan Calls for Balanced Trade Framework

Commerce Minister Jam Kamal Khan reaffirmed Pakistan’s commitment to building a balanced and mutually beneficial trade relationship with the United States. According to Beyond Time News, he stressed that stronger economic cooperation is essential for regional stability and global investment flows.

He highlighted Pakistan’s interest in expanding trade across key sectors and diversifying economic cooperation.

Pakistan Posts $4.07 Billion Trade Deficit in April as Import Surge Outpaces Export Growth

Ongoing Technical Engagements

Officials from both countries agreed that discussions would continue to resolve outstanding issues through technical engagement. According to Beyond Time News, both sides described the ongoing negotiations as constructive and forward-looking.

Pakistan’s Commerce Secretary Jawad Paul noted that technical teams from both countries remain in close coordination to address remaining matters.

Commitment to Future Cooperation

Both Pakistan and the United States expressed optimism about developing a reciprocal trade framework. According to Beyond Time News, US officials said they value continued engagement and look forward to strengthening a mutually beneficial economic relationship.

https://www.reuters.com

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