Pakistan and the US concluded a tariff deal on trade negotiations. Through the new deal between the US and Pakistan, Pakistani exports will benefit. According to the new deal there will be a 29% tariff on Pakistani exports which will benefit the Pakistan economy. The tariff deal will benefit Pakistan’s economy and also will attract deals. This will also increase agricultural sector growth. According to analysts this will increase investment opportunities in Pakistan. Beside this on the other hand primarily agriculture and trade projects are worth 5 billion.
Pakistan increase in imports:
This will lead to a significant increase in US products imports in Pakistan. The increase in imports of Pakistan will bring US investment in crude oil and other energy projects.
Investment opportunities in Pakistan:
This will increase investment opportunities in Pakistan. There are multiple projects that can bring foreign investments including gold mines and reko copper. According to many analysts it will attract US investments in the country which would bring economic change in the country. These trading opportunities will boost investment and also increase engagement through the US export import bank.
Final announcement:
According to reports, the US is expecting to make deals with other trade partners too, including Canada and more. Earlier these countries were unhappy with US trade formulation and more. According to officials there are multiple meetings ongoing in the US with other trading partners. The US will conclude the meeting details and will present a huge summary on 7 July. The US put a large tariff on imported products to increase US products and to enhance the economy. Many countries disagreed with the decision of the US and they imposed large tariffs on US goods. Due to this the US faced criticism from the whole world and Donald Trump made tariff deals with bigger economies. Pakistan was also facing many challenges due to this and therefore Pakistan made tariff deals with the US.
Bilateral relations:
According to Pakistani officials the deal would increase bilateral ties with America. On the other side Pakistan will get support from the US in different sectors. The US officials also talk about future investments with Pakistan and it will help Pakistan’s economy to meet the targets earlier set by the IMF. Beside this on the other hand Pakistan and America made a successful tariff deal and this will impact Pakistan’s export.
Benefits of the deal:
The tariff deal will ultimately help Pakistan’s economy to grow and to boost the country’s economy. The deal will increase American investments in many projects including economic growth and more. It will also help Pakistan to recover its economical growth which is already struggling. The deal will also lower inflation in the country and it will create job opportunities for the locals due to investment opportunities. Pakistan’s economy will get stability as Pakistan’s exports to the US were at great danger after the increase in tariff on goods earlier. This deal will help both countries to increase their economic growth.
Business to business meeting:
A business to business meeting is expected to be scheduled in a few months which will increase investment opportunities in the country. Both countries will decide on mutual cooperation and other interests with each other. The meeting is beneficial as it will help Pakistan’s economy which is already struggling due to heavy loans from countries and also due to the policies set by the IMF where it’s quite difficult to reach the desired target. A bilateral trade counsel review is likely to establish who will monitor the progress and growth of the trade.
Energy security; New dialogues between Pakistan and the US:
According to analysts the import of US crude oil will lower electricity prices in Pakistan which will help middle class people who are already struggling due to inflation in the country. This will also decrease Pakistan dependence for oil on gulf Countries. This will also strengthen Pakistan security and bring back prosperity for the economy of Pakistan.
Conclusion:
Pakistan and US trade deals play a significant role in the economy of Pakistan. It will increase investment and also lower inflation in the country. Besides this experts are predicting Pakistan and the United States will make deals on other sectors too that will help the economy of Pakistan. It will also increase job opportunities in Pakistan and will help middle class people to support their families. The US and Pakistan trade deals hold significance and it’s the news highlight of many channels as it can bring investments in the country and also will help the economy of Pakistan to grow and to become stable. The news was a biggest newsbreak of Indian TV channel’s as India didn’t want Pakistan to have trade deals and negotiations with the United states.
