Key Takeaways
- Finance Minister Muhammad Aurangzeb and US Trade Representative Ambassador Jamieson Greer met virtually.
- Both sides reaffirmed their commitment to finalizing the bilateral trade agreement soon.
- The deal aims to support export-led growth, strengthen economic resilience, and create new commercial opportunities.
Pakistan and the United States have made significant progress in negotiations on a reciprocal trade framework, with both sides reaffirming their commitment to concluding the agreement as soon as possible. The development came during a virtual meeting between Finance Minister Muhammad Aurangzeb and United States Trade Representative Ambassador Jamieson Greer.
During the meeting, Aurangzeb welcomed the progress made since recent discussions in Washington and highlighted that a stronger trade and investment partnership with the US would support Pakistan’s export-led growth strategy. He also emphasized continued collaboration with the US Export Import Bank to facilitate bilateral trade and investment.
Ambassador Greer acknowledged Pakistan's ongoing engagement in the negotiations and welcomed the progress made on labor and regulatory reforms, including measures related to forced labor compliance. He expressed confidence that remaining issues could be resolved through continued technical discussions.
Both officials agreed to maintain close coordination and accelerate technical level negotiations to finalize the remaining elements of the reciprocal trade framework. The meeting was also attended by Commerce Secretary Jawad Paul and senior officials from the Office of the United States Trade Representative.
The agreement is expected to strengthen economic resilience, support export-led growth, and create new commercial opportunities for businesses in both countries. It aims to enhance bilateral trade relations and foster a more robust economic partnership between Pakistan and the US.
