AIRLINK 196.20 Increased By ▲ 4.36 (2.27%)
BOP 10.16 Increased By ▲ 0.29 (2.94%)
CNERGY 7.92 Increased By ▲ 0.25 (3.26%)
FCCL 38.30 Increased By ▲ 0.44 (1.16%)
FFL 15.90 Increased By ▲ 0.14 (0.89%)
FLYNG 25.44 Increased By ▲ 0.13 (0.51%)
HUBC 130.65 Increased By ▲ 0.48 (0.37%)
HUMNL 13.79 Increased By ▲ 0.20 (1.47%)
KEL 4.66 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.38 Increased By ▲ 0.17 (2.74%)
MLCF 44.95 Increased By ▲ 0.66 (1.49%)
OGDC 209.79 Increased By ▲ 2.92 (1.41%)
PACE 6.68 Increased By ▲ 0.12 (1.83%)
PAEL 41.05 Increased By ▲ 0.50 (1.23%)
PIAHCLA 17.75 Increased By ▲ 0.16 (0.91%)
PIBTL 8.13 Increased By ▲ 0.06 (0.74%)
POWER 9.38 Increased By ▲ 0.14 (1.52%)
PPL 180.99 Increased By ▲ 2.43 (1.36%)
PRL 40.00 Increased By ▲ 0.92 (2.35%)
PTC 24.41 Increased By ▲ 0.27 (1.12%)
SEARL 111.75 Increased By ▲ 3.90 (3.62%)
SILK 0.99 Increased By ▲ 0.02 (2.06%)
SSGC 38.17 Decreased By ▼ -0.94 (-2.4%)
SYM 19.22 Increased By ▲ 0.10 (0.52%)
TELE 8.75 Increased By ▲ 0.15 (1.74%)
TPLP 12.10 Decreased By ▼ -0.27 (-2.18%)
TRG 66.00 Decreased By ▼ -0.01 (-0.02%)
WAVESAPP 12.29 Decreased By ▼ -0.49 (-3.83%)
WTL 1.69 Decreased By ▼ -0.01 (-0.59%)
YOUW 3.99 Increased By ▲ 0.04 (1.01%)
BR100 12,090 Increased By 159.6 (1.34%)
BR30 35,982 Increased By 322.6 (0.9%)
KSE100 114,866 Increased By 1659.2 (1.47%)
KSE30 36,099 Increased By 534 (1.5%)

In preparation for the Hong Kong WTO Ministerial meeting in December 2005, commerce ministers from several key countries have gathered in Geneva.
They have been holding meetings in various formats to find a way out of blockade of WTO negotiations. The WTO''s Trade Negotiating Committee, which has over all responsibility for negotiations, is meeting on Thursday (October 13) to take stock of the progress made and to provide guidance for the final phase of negotiations.
In these meetings, Pakistan is being represented by a high-level delegation led by Commerce Minister Humayun Akhtar Khan. Other members of the delegation include Syed Asif Shah, secretary Commerce, Dr Manzoor Ahmad, ambassador to WTO, Tariqpuri, economic minister at Brussels and Qasim Niaz, joint secretary.
Besides seeking reforms of agricultural trade rules, Pakistan is also keen on seeking steep reduction on its exports of manufactured goods in the markets of developed countries.
The delegation attended an important G20 Ministerial meeting, which met here today (October 11) at the Brazilian Mission. Based on the G20 Ministerial Declaration, which was adopted at Bhurban on 10 September 2005, the ministers reviewed the progress made on the objectives outlined in that Declaration and also discussed their future strategy for achieving those agreed objectives in agricultural negotiations.
Besides holding bilateral meetings at the ministerial level, Humayun
Akhtar Khan also hosted a dinner in honour of several ministers, including Peter Mandelson, EU''s Trade Commissioner, Celso Amorim, Brazilian Foreign and Trade Minister, Kamal Nath, Indian Minister for Commerce and Industry and Chinese Vice Minister for Foreign Trade. Several Geneva-based ambassadors also attended this dinner.
Mr Khan exchanged views with his counterparts on the on-going negotiations and how best to ensure that Hong Kong Ministerial meeting is a success. In all these meetings, Humayun Akhtar Khan had also been lobbying for acceptance of Pakistan''s proposal for reduction of tariffs on industrial goods. If it is finally accepted, it would mean reduction of tariffs on our exports of textiles and clothing by more than 60 percent.
Pakistan''s delegation is also holding meetings with Geneva and Brussels'' based lawyers and EU''s senior officials to seek possible review of the recent EU decision regarding levy of anti-dumping duty on bedlinen from Pakistan.

Copyright Business Recorder, 2005

Comments

Comments are closed.