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Trade
Policy 2007-08
ISLAMABAD,
Jul 18 (APP): The federal cabinet on Wednesday approved the
Trade Policy 2007-08, raising the export target to US$ 19.2
billion from US$ 18.7 billion last year .The federal cabinet
which met here under the chairmanship of Prime Minister Shaukat
Aziz expressed confidence that the trade policy would help
improve the supply chain and expand the industrial base. The
Cabinet reviewing the trade policy felt it encompasses the
strategies and measures to make country’s products more
competitive. Prime Minister Shaukat Aziz addressing the cabinet
said the government is encouraging trade diplomacy to ensure
free market access for country’s products in the international
market.
He said Free Trade Agreement (FTA) signed with China is a
landmark. The government, he added, is pursuing FTAs with other
countries as these would open avenues for exports which should
motivate the private sector to take advantage of these
opportunities.
The Prime Minister emphasized that the private sector should
benefit from the opportunities made available by the government
for promotion of exports. Managerial expertise and labour
productivity are two important sectors which need to be improved
for quality output of products, he added.
Regarding establishment of Trade Development Authority (TDA),
the Prime Minister said, it would enable focused access to the
exporters for enhancing growth in trade. He directed TDA to
redouble its efforts to further facilitate export growth.
The Prime Minister appreciated the role of the Commerce Ministry
other ministries and concerned organizations in formulating a
rational, objective and growth oriented trade policy for
2007-08.
“Trade, not aid, is the hallmark of our trade policy since it
ensures creation of permanent jobs for our people,” the Prime
Minister said. He said Pakistan seeks level playing field for
its exports and expressed the hope that Doha Round of talks
would be completed successfully.
Trade Policy 2007 – 08
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