Dr. Gohar Ejaz, Pakistan’s Commerce and Industries Minister, headed an official delegation to Saudi Arabia, including officials from the Ministry of Commerce, Board of Investment (BOI), and representatives from the Attorney General’s Office.
During the visit, discussions were held with the GCC’s Chief Negotiator aimed at finalizing the investment-related segment of the GCC Free Trade Agreement (FTA), as detailed in a press release issued on Sunday.
The technical teams from both sides engaged in extensive deliberations concerning the finer points of the investment chapter, encompassing aspects such as investment protection and facilitation.
The focus extended to assessing the potential impact of the FTA on bilateral trade and investment flows. Dr. Ejaz expressed optimism, stating, “This marks a significant stride in fortifying economic bonds between Pakistan and the GCC.”
Highlighting the importance of the investment segment within the agreement, he expressed confidence in reaching a consensus expeditiously.
The GCC FTA is anticipated to amplify trade and investment links between Pakistan and the GCC, fostering the creation of employment opportunities and opening new avenues for businesses in both regions.
Additionally, both parties explored the prospect of hosting a joint business forum to further catalyze trade and investment between Pakistan and the GCC.
Dr. Gohar Ejaz extended gratitude for the warm hospitality extended by the GCC.
