ISLAMABAD: Pakistan and the United States’ officials held a meeting under the Trade and Investment Framework Agreement (TIFA) on Thursday to discuss a broad range of areas to enhance bilateral trade and strengthen investment relationship.
The dialogue focused on good regulatory practices, the protection of intellectual property, digital trade, women’s economic empowerment, textiles, investment, labor, and agricultural issues, and access to US biotechnology products and beef.
Coming on the heels of Finance Minister Muhammad Aurengzeb’s recent visit to the US, engagements like the TIFA are key to moving forward on the shared goals of strengthening the economic bilateral relationship and furthering the prosperity of working people in both nations.
US Largest Export Market for Pakistan
The US has long been the largest export market for Pakistan, with potential for further growth. In 2023, the United States imported Pakistani goods worth 5 billion dollars, while the overall U.S.-Pakistan goods trade measured 7 billion dollars.
The United States has also been a leading investor in Pakistan for the past twenty years and more than eighty U.S. companies are currently operating in the country, supplying high-quality goods to the Pakistani market and employing hundreds of thousands of citizens.
