Consultations on trade policy from today

Consultations on trade policy from today

Consultations on trade policy from today ISLAMABAD: The Ministry of Commerce has initiated consultations with the private sector and other stakeholders to effectively implement the Strategic Trade Policy Framework (STPF) 2015-18.

The ministry is holding a seminar today in Karachi in this regard to create awareness among the private sector and other stakeholders on the initiatives provided in the framework for their optimum use by the private sector.

Seminars in Lahore, Sialkot and Faisalabad will be held on Aug 22, 24 and 26, respectively.

During the consultative workshops, the private sector would be educated on procedural requirements, eligibility criteria and other formalities to avail incentives provided in the framework.

According to a statement issued by the commerce ministry on Wednesday, these workshops would help get feedback from the private sector for course corrections in the current STPF and implementation monitoring of the trade policies. Besides, they would help in developing partnerships with the private sector for the implementation of the framework.

The consultations would also help identify areas and issues for further research and analysis which may assist the Ministry of Commerce in designing the future frameworks.

The statement said that for successful formulation and implementation of government policies, constructive collaboration and partnership was necessary among public and private sectors and academia.

The ministry announced the policy framework with the major targets of increasing annual exports from $23.66 billion in 2014-15 to $35bn in 2017-18, by improving exports competitiveness, transition from factor-driven economy to innovation-driven economy and increasing the share of Pakistan’s exports in regional markets.


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