Pak US Business Council demands direct market access to US markets

Lahore, December 4, (Online): Founder Chairman Pak-US Business Council and SAARC Chamber of Commerce and Industry (CCI) Senior Vice President Iftikhar Ali Malik Tuesday terming US President Donald Trump letter to Prime Minister Imran Khan for helping Americans in Afghanistan a big diplomatic success for Pakistan said business community demands immediate direct access of its products to US markets in return to recover irreparable economic losses.

In a statement issued here today, he said visiting US Special
Representative for Afghanistan Reconciliation Zalmay Khalilzad for discussion to resolve conflicts in war torn Afghanistan and he must play his role in defusing the strain in Pakistan-US relations, adding cordial relations between the two partners were important for restoring peace and ensuring prosperity in the region.

He said that the US president Donald Trump should announce packages of incentives for the quick revival of the Pakistani economy as the country has also suffered losses a lot economically in the war against terror.

He said the USA should remove the bottlenecks in bilateral investment treaty and efforts should now be made on signing a free trade agreement (FTA) at the earliest and it is now imperative that the USA should offer same package and incentives which it offers to Bangladesh and Sri Lanka in textile exports, such as duty concessions and market access.

Pakistan and the United States have been close allies in the fight against terrorism, which is a common threat to all nations of the world.

He said Pakistan desires peace and stability in Afghanistan as peace in Kabul is good for the entire region but the veteran trade leader Iftikhar Ali Malik stressed that after 16 years of conflict, it is clear that lasting peace in Afghanistan can only be achieved through a comprehensive political process. “Pakistan stands ready to work with Afghanistan and the
United States to that end,” he said.

Iftikhar Malik suggested the United States and Pakistan should expand cooperation on the 2013 Joint Action Plan on Trade and Investment as the United States remains Pakistan’s largest bilateral export market and a significant source of foreign direct investment.
Ends/Online/PR/SM

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