President Obama Vows to Increase Commercial Relations with Pakistan
U.S. and Pakistani senior trade officials will develop a joint action plan to expand bilateral trade and investment flows over the coming years, President Barack Obama and Pakistani Prime Minister Nawaz Sharif pledged in a joint Oct. 23 statement after…
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a meeting at the White House. The two sides should also conduct the 3rd U.S.-Pakistan Economic Opportunities conference soon, said the heads of state. “The President gave the assurance that the United States would strongly support efforts to enlarge and strengthen Pakistan’s economy, particularly in the energy sector,” said the statement (here). Both officials also urged a successful December World Trade Organization ministerial conference in Bali (see 13100908). U.S.-Pakistan bilateral trade was valued at more than $5 billion in 2012, said a White House fact sheet (here), adding that the U.S. is Pakistan’s largest export market. U.S. Trade Representative pushed closer ties with Pakistan at an Oct. 21 meeting with Sharif (see 13102117).