Humayun to attend WTO moot in Paris today

Federal Commerce Minister, Humayun Akhtar Khan would attend an informal ministerial meeting of WTO on Wednesday in Paris. Earlier a G-20 WTO moot focussed on agriculture, non-agriculture market access (NAMA), services, rules including trade facilitation, etc. The delegates reviewed the progress made so far under the July Framework Agreement. Conversion of specific rates to ad valorem rates was also discussed. Pakistan suggested that any cuts should be real and not paper cuts even if they were done from the bound levels. The developing countries would also Emphasis was laid on elimination of high tariffs or tariff peaks and tariffs escalations and bringing them at par with average tariffs.
Pakistan underlined the need for improving WTO rules on anti-dumping, subsidies, fisheries subsidies and regional trade agreements.-PR