ISLAMABAD, Sept 9 (APP): The government plans to hold the first round of talks on a free trade agreement (FTA) with the European Free Trade Association (EFTA) next month to increase the level of trade between the two sides.
The global imports of EFTA are hovering around US $180.36 billion and its imports from Pakistan are only $ 98.45 million, CNBC reported.
An official said that a high level official delegation will leave next month for Switzerland to initiate formal talks on the draft text of the agreement with the bloc.
Pakistan had formally requested for having a treaty with EFTA in a meeting with Swiss undersecretary of state during her visit to Pakistan in February this year.
The Swiss government's help was also sought in the initiation of talks on free trade area.
The two sides will discuss in detail the products for duty reduction, rules of origin besides reaching an agreement on the draft text of the treaty.
Pakistan to hold trade talks with EFTA in Oct
FE Team | Published: September 10, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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