Pakistan Sends Delegation to U.S. as Trump Tariffs Threaten Economic Woes
Islamabad [Pakistan], April 29 (ANI): Pakistan has assembled a high-ranking team to travel to the United States with the objective of negotiating a decrease in the suggested 29 percent. US tariff As for Pakistani exports, ARY News reported.
Led by Federal Minister for Commerce Jam Kamal Khan, the delegation will consist of high-ranking officials from the Ministries of Commerce, Finance, and the Foreign Office.
ARY News reports that the group may leave within one or two days.
The mission of the delegation is to discuss a decrease in the suggested proposal. US tariff s, eradicating non- tariff obstacles, and boosting commerce between the two countries. Previously, Pakistani exports constituted 9.9% of US tariff On average, however, recent increases by Washington now impose 10% duties for a period of 90 days, which has since risen to 29%. tariff As planned, the ARY News reported afterward.
The delegation will emphasize the US A $3 billion trade deficit that the US encounters in its dealings with Pakistan and propose steps to alleviate the effects of the Trump administration's policies. tariff s.
As per reports, Pakistan aims to advocate for a decrease in tariff decreased by 9 percent for each US A decrease of $1 billion in the trade gap.
As per recent reports, Prime Minister Shehbaz Sharif has tasked the delegation with securing a fair trade agreement. US .
The Pakistani authorities are actively urging officials from Washington to engage in discussions for establishing a lasting trade strategy.
Previously, during an interview with Bloomberg News, Finance Minister Muhammad Aurangzeb stated, "We are considering a broader scope when it comes to involving more stakeholders." US We aim to engage constructively, and we will be sending over an official delegation.
Aurangzeb was in the US To take part in the Spring Meetings of the International Monetary Fund and the World Bank. (ANI)