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Envoy highlights advantage of US GSP programme

Envoy highlights advantage of US GSP programme

ISLAMABAD: In a bid to boost trade between the two countries, US embassy’s second secretary for trade and investment, Benjamin Embury, called upon the Pakistani business community to take advantage of the US Generalised System of Preferences (GSP) programme for promoting exports.

According to Embury, this porgramme provides low tariff or duty free access to many categories of Pakistani products into the US market.

He said the US GSP programme was available to the Pakistani private sector till 2017 and there is a need to create awareness about it.

Embury said this while exchanging views with Islamabad Chamber of Commerce and Industry (ICCI) President Atif Ikram Sheikh during his visit to the premises, said a press release.

He said that Pakistan has great potential for business and investment in various sectors of its economy and US Department of Commerce Executive Director for Asia James Golsen will visit Pakistan in October to move ahead on bilateral trade relations.

Golsen hopes to discuss business environment and explore opportunities for new US companies aiming to enter the Pakistani market.

Embury said the US was ready to cooperate with Pakistan in the agriculture sector so that Pakistan could take benefit of its advanced technology.

He said a delegation of Pakistani agriculture sector businessmen led by US Ambassador will visit the US to enhance business-to-business ties in agriculture field.

“US is committed to improve trade and economic relations with Pakistan as both countries have the potential to establish business partnerships.”

Meanwhile, Sheikh said bilateral trade of around $6 billion between Pakistan and the US was far less than the real potential of both countries. He said both countries should focus on frequent exchanges of trade delegations to improve two-way trade.

Courtesy : Express Tribune



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