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Bloomberg Quint

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Image Credit: Bloomberg Quint

Pakistan, US Conclude Critical Round Of Trade Negotiations

  • Pakistan and the US have concluded a critical round of trade negotiations, reaching an understanding on a deal that could shape the future of the country’s key export sectors.
  • The agreement is expected to prevent the re-imposition of a 29% tariff on Pakistani exports, primarily textiles and agricultural products.
  • The deal could lead to increased Pakistani imports of US goods, potential American investment in sectors like mining, energy, and infrastructure, and expanded engagement through the US Export-Import Bank.
  • Officials remain optimistic that the agreement will sustain Pakistan's access to the US market and help reset bilateral economic ties strained since high tariffs were introduced during the Trump administration.

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