ISLAMABAD: United States Secretary of Commerce Wilbur Ross, who arrived in Islamabad early Wednesday, is holding a bilateral meeting with Adviser for Commerce, Textile, Industry & Production and Investment Abdul Razzak Dawood.
Dawood will appraise the US official on steps taken by the Pakistan Tehreek-e-Insaf (PTI) government to improve ease of doing business in the country.
The duo is set to engage in a detailed discussion on trade between the two countries. Dawood is also expected to broach the subject of accessibility of Paksitani commodities in US markets and put forth a recommendation to convene a session of the Trade and Investment Framework Agreement (TIFA) council.
Ross is also scheduled to meet Prime Minister Imran Khan during the visit.
According to the Office of the US Trade Representative, Pakistan was America’s 56th largest goods trading partner with $6.6 billion in total (two way) goods trade during 2018. Goods exports totalled $2.8 billion and imports totalled $3.7 billion while the goods trade deficit with Pakistan was $860 million in 2018.
“The top US export categories (2-digit HS) in 2018 were: miscellaneous grain, seeds, fruit (soybeans) ($624 million), cotton ($612 million), iron and steel ($225 million), machinery ($211 million), and optical and medical instruments ($117 million).
“The US total exports of agricultural products to Pakistan totalled $1.4 billion in 2018. Leading domestic export categories to include: soybeans ($619 million), cotton ($612 million), tree nuts ($49 million), dairy products ($38 million), and planting seeds ($37 million).”