Pakistan’s new bid to combat terror allows widening of trade ties: US Commerce Secy
Hindustan Times
February 28, 2020
Pakistan’s
new bid to combat terror allows widening of trade ties: US Commerce Secy
Pakistan’s
fresh efforts to fight terrorism and promote security is “affording” the US to
expand trade between the two countries and in the region, Commerce Secretary
Wilbur Ross has said after meeting the country’s top leadership here.
Ross
was in Islamabad on Wednesday, a day after US President Donald Trump concluded
his high-profile maiden visit to India, and called on Prime Minister Imran
Khan, Foreign Minister Shah Mehmood Qureshi and Minister of Energy Omar Ayub
Khan and others. Building on the productive discussions between President
Donald Trump and Pakistani Prime Minister Imran Khan, “I met with Prime
Minister Khan and his economic team today in Islamabad to explore ways to grow
the US-Pakistan trade and investment relationship, including in the energy and
digital sectors,” Ross said in a statement.
“Deepening
our economic ties will provide measurable benefits for our two nations,” Ross
said while thanking the Pakistani leaders’ willingness to engage in frank
conversations. The US Commerce Secretary recalled President Trump’s statement
in New Delhi when he said, “Our relationship with Pakistan is a very good one.”
Ross noted that the US was Pakistan’s largest export destination and American
companies have a long history of doing business in Pakistan, contributing to
its economic development and providing high-value jobs. “The work Pakistan has
begun to do to fight terrorism and promote security is affording the US and
Pakistan the opportunity to strengthen and expand trade in the region and
between our countries,” Ross said.
In
a stern message to Pakistan, India and the US on Tuesday asked Islamabad to
ensure that no territory under its control is used to launch terror attacks and
strongly condemned cross-border terrorism in all its forms.
A
joint statement said Prime Minister Narendra Modi and President Trump called on
Pakistan to expeditiously bring to justice the perpetrators of 26/11 Mumbai and
Pathankot attacks.
The
two leaders also called for concerted action against all terrorist groups,
including Jaish-e-Mohammad, Lashkar-e-Taiba, Hizbul Mujahideen, the Haqqani
Network, D-Company, Al-Qaeda, ISIS and Tehrik-e-Taliban Pakistan.
At
a press conference, the US president also said that ways to deal with terrorism
figured prominently in his talks with Prime Minister Modi who, Trump stressed,
is determined to check the menace.
In
his statement, Ross said the Department of Commerce will continue to facilitate
private sector engagement between the US and Pakistan through organising
Pakistani business delegations to America and regional trade shows. It will
also support technical exchanges on trade facilitation, energy, intellectual
property rights, and good regulatory practices.
“Our
conversations provided opportunities to reinforce the critical importance of
improving Pakistan’s business environment, including through developing a
consistent tax framework, promoting regulatory transparency, and strengthening
the intellectual property ecosystem,” he said. This includes ensuring the free
flow of data, which is crucial to businesses in all sectors of the economy and
essential to helping Pakistan integrate into the global digital ecosystem, Ross
said.
According
to the American embassy in Islamabad, the US exported USD 2.6 billion worth of
goods to Pakistan in 2019. American companies made more than USD 1.4 billion in
direct investments in Pakistan since 2016, the embassy tweeted.
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