new Trade Policy has certainly disappointed those who were expecting
an 'incentive studded' policy. However, such expectations should have
not been there, had they carefully read the two trade policies
announced by the current economic managers indicating departure from
the tradition. The Policy has been confined to the strategic aspects
and gives clear signal to the producers and exporters of the direction
of the government policies.
highlighted the implications of allowing the private sector
participation in wheat exports for the first time ever, a prerogative
of the government agencies previously. This time around it focuses on
the challenges to find international market for the commodity at a
time when supply seems to exceed the demand.
Removal of quota
restrictions by the European Union on Pakistan's textile exports would
not be enough if eventually the talks conclude to a mutually
acceptable agreement between the two governments. EU must ensure that
it would not resort to anti-dumping duty on any Pakistan's textiles
and would also accord generalized system of Preferential Treatment.
Removal of quota by EU with mutual understanding could help to the
textile exporters who are sincerely engaged in value addition of their
Growth, Food, Fertilizer and Pakistan