PID

PR No. 30 “OPENNESS OF TRADE, ABANDONING THE PROTECTIONIST MINDSET, REGIONAL CONNECTIVITY AND OWNING THE IDEA THAT PRIVATE SECTOR IS THE ENGINE OF GROWTH AND EMPLOYMENT WILL LEAD THE ECO COUNTRIES TO UNPRECEDENTED PROSPERITY.” “IT’S PRIME MINISTER MUHAMMAD NAWAZ SHARIF VISION THAT REGIONAL CONNECTIVITY WILL LEAD US TO SHARED PROSPERITY.” “ECO COUNTRIES MUST WORK ON REMOVING THE NON-TARIFF BARRIERS IMMEDIATELY.” … ENGR. KHURRAM DASTGIR KHAN Islamabad: March 3, 2017

This was said by Minister for Commerce, Engr. Khurram Dastgir Khan while addressing at the inaugural session of 22nd Executive Committee and 15th General Assembly Meetings of ECO Chamber of Commerce and Industry (ECO-CCI).

The honorable Minister said that vibrant private sector is necessary to achieve high levels of growth and employment. He said that the openness of trade and the idea that private sector is the engine of growth and employment is necessary for the ECO countries to excel economically.

The minister said that it’s the vision of the Prime Minister of Pakistan, Muhammad Nawaz Sharif that “Regional Connectivity will lead us to shared Prosperity”.

The Minister for Commerce further said that more important than the tariff barriers are the non-tariff barriers that need to be immediately removed which are; easing up the Visa Process, Custom Facilitation, Mutual Recognition of Standards and Arbitration Mechanism.

“Non tariff barriers are stopping us from coming closer in trade and even more closer as nations. We must get rid of our protectionist mindset and we need to realize that if we are opening up, we are opening to our brothers and sisters with whom we share history, culture and values”, added the Minister

The Commerce Minister said that if we work on openness of trade and removal of non-tariff barriers it will result in increased trade, greater people to people interaction and enhanced physical connectivity.

The Minister said that the distinguished guests must take this important message to their countries that Pakistan is coming out of the dark period of extremism, energy crisis and political instability. “Pakistan is now more peaceful, economically stable as the public finances and foreign exchange reserves have stabilized, Energy Crisis has been resolved to a greater extent and will be overcome by the middle of next year and that Pakistan’s connectivity to the world has improved in the shape of CPEC which is the backbone of our future prosperity”, added the Minister for Commerce.

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