US and Pakistani officials interact to enhance investment and trade

A statement issued on Thursday stated that Pakistan and the United States had an intersessional meeting in accordance with the Trade and Investment Framework Agreement (TIFA).

A wide range of topics were discussed by officials from both countries in an effort to improve their trade and investment ties.

The conversation covered a wide range of topics, including digital commerce, intellectual property protection, women’s economic empowerment, labor rights, textiles, investment, and agricultural challenges, according to Acting US Mission Spokesperson Thomas Montgomery.

Notable advancements were made, especially with regard to beef and US biotechnology goods’ availability within Pakistan.

Following his recent visit to the US, Finance Minister Muhammad Aurengzeb is holding this meeting.

“Activities such as the TIFA are essential to advancing our common objectives of strengthening the economic bilateral relationship and advancing the prosperity of working people in both countries,” Montgomery stated in the release.

The spokeswoman for the US Mission emphasized Pakistan’s trading partner status as she wrapped off her remarks. “With room to develop, the United States has long been Pakistan’s top export destination. While total goods trade between the US and Pakistan was $7 billion in 2023, the US purchased $5 billion worth of commodities from Pakistan, according to him.

According to the statement, “for the past 20 years, the United States has also been a leading investor in Pakistan. Currently, more than 80 US companies operate in Pakistan, supplying high-quality goods to the Pakistani market and employing hundreds of thousands of Pakistanis.”