US: Robust trade ties important to bolster Pak economic stability


A “robust trade relationship” between the United States and Pakistan is important to bolster the latter’s economic stability, especially after last year’s devastating floods, and expose American businesses to new markets, the US State Department has said.

State Department spokesperson Ned Price made the remarks in response to a query at a weekly press briefing on Thursday.

“We believe that a robust trade relationship between the United States and Pakistan is more important than ever to bolster Pakistan’s economic stability as it recovers from devastating floods, while at the same time also providing an opportunity to Americans and to American businesses in this country, exposing them to new markets — Pakistani markets in this case,” he said.

The comments come at a time when Pakistan is looking for breakthroughs in talks on the US-Pakistan Trade and Investment Framework Agreement.

The two sides on Thursday held their first ministerial-level meeting of a Pak-US trade and investment body in seven years, where Commerce Minister Syed Naveed Qamar sought greater cooperation in the IT sector. Speaking to the press, Price referred to the meeting and reiterated the US commitment to “deepening our economic and commercial ties with Pakistan”, adding the trade relationship has “helped both Pakistani industries and consumers”.