Pakistan and Azerbaijan to Resume Talks on PTA
Published on: December 1, 2023.
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Pakistan and Azerbaijan Revive Talks on PTA
Pakistan and Azerbaijan have decided to resume negotiations on the Preferential Trade Agreement (PTA) in an effort to strengthen economic ties and boost bilateral trade. The decision was made during a meeting between Azerbaijan’s Ambassador Bilal Hayee and Federal Minister for Commerce and Industries & Production Dr Gohar Ejaz, according to a report by the 24NewsHD TV channel.
The discussions between the two nations aim to facilitate and increase bilateral trade and investment, with a focus on exploring opportunities for mutual economic growth. In the first phase of negotiations, the two countries have agreed to proceed with talks on a list of 15 items.
Dr. Gohar Ejaz expressed optimism about the potential of a PTA, highlighting Azerbaijan’s ability to emerge as a significant trading partner for Pakistan. The goal is to conclude negotiations on the PTA within the next 30 days.
The resumption of negotiations is a positive development, considering the previous impasse in trade talks. Both countries have shown a commitment to reviving and expediting discussions to enhance economic cooperation.
Minister Gohar Ejaz emphasized the substantial trade opportunities that Azerbaijan offers for Pakistan, particularly in sectors such as rice, information technology, and the hotel industry. The removal of restrictions on rice imports from Pakistan by Azerbaijan is a positive step towards fostering increased economic collaboration.
Source: [24NewsHD TV](https://www.24newshd.tv)
