Events

Interest in the detection of determinants of economic growth and discovery of their nature of relationships with economic growth has been long standing. This is imperative that higher economic activity leads towards higher level of national output and improved living standards. But with the induction of new thoughts aged controversies went away, while indeed some new crept in. Topical research pinpoints the trade liberalization as a critical factor for economic well-being. What are the outcomes? Either positive or negative but accrual of trade obstructionis becoming a matter of concern with global implications. International trade has its unique importance, because protectionism and relaxation trade directly or indirectly affects the global economy and occasionally generates the world economic crisis. It is observed that trade problems are born before the universal crises struck, so one cannot deny the unmatchable significance of commercial policy for economic growth in any economy.

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Trade liberalization and economic growth – A case study of selected SAARC Countries

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This study was carried out from the 3rd to 24th June 2016 by PRIME (Policy Research Institute of Market Economy), Islamabad as a part of a CUTS International and Australia Aid Project entitled “Geneva Trade and Business Connexion: South and South East Asia”. The main objective of the project is to improve the capacity of the small and medium enterprises (SMEs) to provide input into their government and their WTO delegations so as to make their negotiating positions more fully aligned with on the ground conditions faced by small scale enterprises.

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Trade in Services

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This study was carried out from 4 to 25 May 2016 by PRIME (Policy Research Institute of Market Economy), Islamabad as a part of a CUTS International and Australia Aid Project entitled “Geneva Trade and Business Connexion: South and South East Asia”. The main objective of the project is to improve the capacity of the small and medium enterprises (SMEs) to provide input into their government and their WTO delegations so as to make their negotiating positions more fully aligned with on the ground conditions faced by small scale enterprises.

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Trade Facilitation Agreement

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This study was carried out from the 17th August to 14 September 2016 by PRIME (Policy Research Institute of Market Economy), Islamabad, as part of a CUTS International and Australia Aid Project entitled “Geneva Trade and Business Connexion: South and South East Asia”. The main objective of the project is to enable the private sector in these countries to apprise the relevant governments and their WTO delegations of the ground conditions faced by exporters, and thus have more meaningful negotiation positions.

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Technical Barriers to Trade

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Export Development Fund (EDF) was formally established through an Act namely ‘Export Development Fund Act 1999’ with the purpose to strengthen and develop infrastructure for promotion of exports through Export Development Surcharge (EDS). In 2005 an amendment came, which provides that Federal Government is required to collect 0.25 percent of export receipts and transfer to EDF maintained by Ministry of Commerce in the following year.

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Position Paper on Export Development Fund

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International compliance laws are becoming challenging for companies in supply chain including importers, exporters and indenters. Foreign companies are increasingly complying with international laws including Foreign Corrupt Practice Act (FCPA), UK Bribery Act, Brazilian Clean Company Act etc. and significantly penalising the counter-parts for non-compliance.

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GSP Plus UNCAC Compliance

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Pakistan is amongst one of the few countries where trade organisations are regulated by the government.

In order to regulate these organisations, Trade Organisation Act was introduced in 1961. This act was later amended in the shape of trade organisations act 2013, with the main objective to frame rules and regulations for trade organizations. One of the main purposes of this act is to ensure appropriate representation of all businesses at all levels in business organisations. The act also focuses on defining the purpose, role, responsibilities and appropriate framework including code of corporate governance for trade organisations. The Director General Trade Organisations (DGTO) was established in 2007 as a regulatory body to implement the provisions of the aforesaid ordinance.

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Facilitation versus Intervention – An analysis of trade organizations act 2013

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Pakistan’s share in world exports has stayed stagnant at 0.14 percent from 2010 to 2014. In contrast, developing countries exports registered fastest growth of 5.9 percent for major commodity groups followed by 2.9 percent for developed countries in 2014. The share of Indian exports increased from 1.4 percent in 2010 to 1.7 percent in 2014.

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Champions and Under-Achievers An analysis of exports performance in Pak

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One cannot doubt the emotional attachment of the majority of Pakistanis with China. Generations of Pakistanis are bred on the belief of all-weather friendship with China. And China did prove its worth over the decades of supporting Pakistan and standing by it in hours of trial. On the economic front, Pakistan is the second country, with whom China has entered into a Free Trade Agreement (FTA). Post-FTA, China has become the largest trading partner of Pakistan, with a caveat of persistent high trade deficit suffered by Pakistan. Even without statistical evidence, one can observe presence of Chinese products ranging from high-end electronics to toiletries in large swathes of Pakistan.

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Case for more Trade Liberalization with China (2014)

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Perspectives on the Trade’s Impact on Economic Transformation and People’s Wellbeing

IMF Resident Representative to Pakistan, Esther Pérez Ruiz

Good morning everyone. Thank you very much to the Economic Advisory Group, PRIME, and the
Friedrich Naumann Foundation, for the opportunity to be part of today’s launch of the report on
Trade and Connectivity. I am very honored to participate in this panel with the Honorable
Minister for Commerce, your Excellency the Ambassador of the Republic of Indonesia,
Chairperson Economic Advisory Group, and Dr. Aadil Nakhoda from IBA Karachi.

Today’s theme greatly appeals to me as I have seen, in my life experience and as a professional,
how trade can really make a difference for people’s wellbeing.

Let me start with some family memories around trade that go back to my great-grandfather,
who at the turn of 20th century, lost in a wolf attack his most valuable asset, a horse carriage he
used to provide essential goods to isolated villages scattered around a remote valley in Spain.
Deprived of his livelihood, he migrated to Bilbao, which was at the time one the most the
prosperous and export-oriented cities in Spain. So, after many years of hard work, he managed
to set up a company to export tiles, on a small scale, to the rest of Spain, Portugal and France… 

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Remarks by Ms. Esther Perez Ruiz on Trade Connectivity Event

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