The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for making domestic industrial policy compliant to international trading laws of WTO.
FPCCI Vice President Engr M A Jabbar while talking to APP here on Saturday said WTO agreement was like an act for domestic legislation by all the member countries of WTO. He observed in Pakistan some of the legislation had ignored need to balance the interest of locals against international obligations.
The agreements in Pakistan should focus on protecting the trade in goods and intellectual properties where we had optional escapes, he said.
The mandatory compliance had to be strengthened by enhancing domestic capacity to face the challenges in the areas of technical and non-tariff barriers. He was of view Pakistan should try to establish earlier networking of Pakistan Intellectual Property Rights Organisation (PIPRO) so that we could demand market excess against our compliant position in matters of intellectual property rights.
FPCCI Vice President also underlined the need for upgrading Pakistan Council of Scientific and Industrial Research (PCSIR) through improved infrastructure enabling the acquiring and issuance of international standards which were recognised across the border.
He noted sanitary and phyto-sanitary environment had to be brought in agreement with international standards so that increasing trade in future of agri-produce and marine life remains un-hindered.
The future trade of Pakistan could foresee a volume of export trade after phasing out of subsidies on agriculture by developed countries under the agreement made in Geneva recently under WTO.
He also expressed concerns over the present constitution and strength of National Tariff Commission in meeting the national requirements.
Engr Jabbar said growth of small and medium enterprises had to be contributed by very powerful body dealing with anti-dumping, counter-veiling and safeguards measures.
These agreements were the best tools to protect small and medium industries from un-fair import trading.
He suggested that anti-dumping duty on imports should be imposed at the earliest to save domestic small industry from injury.
He said the decisions required level of knowledge, skill and education to support the imposition of anti-dumping duties.
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