Islamabad: The US and Pakistan have committed to strengthen economic and commercial relations in a variety of areas, as well as to explore new trade opportunities.
In this respect, Abdul Razak Dawood, Adviser to the Prime Minister on Commerce and Investment, and Gina M Raimondo, US Secretary of Commerce, spoke over the phone to address the barriers to boosting trade and investment between the two nations.
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It was the second such high-level engagement on trade and investment since the Biden administration took office in Washington, according to a news statement from the Ministry of Commerce.
In May 2021, the first meeting with the US trade representative took place. In the fields of textiles, agriculture, information technology, engineering, and pharmaceuticals, the adviser emphasised trade and investment potential for US companies in Pakistan.
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The US Secretary of Commerce expressed great interest in Pakistan’s digital economy investment prospects. Both parties emphasised the need of strengthening collaboration in order to reduce trade barriers and, as a result, increase bilateral trade.
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