Pakistani delegation to Washington to discuss Trump customs duties Economy news
Pakistani Minister of Finance and Revenue, Mohamed Orange, announced that a high -level governmental delegation will go to the American capital, DC, during the next two days, to hold direct talks with US officials on customs duties imposed by the administration of President Donald Trump on the imports of Pakistani goods.
At a press conference held on Sunday, Orongzeb said: “We want to make sure that, with regard to our representation, we explain our vision on the medium to long -term trade relations, as a profitable relationship for both sides of Pakistan and the United States.”
The minister added, according to what was reported by the Pakistani newspaper The Nation, that the visit comes after a review and recommendations that were submitted to Prime Minister Shahbaz Sharif, who agreed to send the delegation.
The German News Agency said that the US President’s administration imposed two days ago customs duties by 29% on Pakistani goods, in a surprise move that also included other Asian countries such as India and Vietnam, as part of a broader commercial policy launched by Trump in his second term.
Pakistan exports to the United States are threatened
The Pakistani Central Bank reported that Pakistan’s exports of goods to the United States amounted to about 2024 USD, which makes the American market one of the largest commercial destinations for Pakistan.
Economic observers in Islamabad fear that the new fees will sharply reduce Pakistani exports, especially in sectors such as textiles, clothes and agricultural products, which constitute the backbone of commercial relations between the two countries.
“Channels of Understanding” instead of escalation
According to the minister’s statements, Pakistan does not intend to respond with counter -measures at the present time, but rather to explore the channels of dialogue and negotiation to avoid commercial escalation.
Orengazib explained that the aim of the visit is to “ensure the stability of the commercial relationship and prevent the impact of supply chains and Pakistani exports”, with a focus on mutual interests.
