Pakistan & Tunisia Might Sign a Preferential Trade Agreement in Coming Months

Pakistan and Tunisia are expected to sign a Preferential Trade Agreement next year, which will boost bilateral trade between the two countries.

Ambassador of Tunisia Adel Elarbi has said negotiations over the proposed PTA between Tunisia and Pakistan are going on and it is likely to be signed during the first quarter of 2019.

The Tunisian envoy was speaking at a function at the Lahore Chamber of Commerce and Industry (LCCI).

Senior Vice President LCCI Khawaja Shahzad Nasir and Vice President Fahim-ur-Rehman Saigal also spoke on the occasion.

The Ambassador said that the PTA would be signed after finalization of goods for trade between the two countries under the new regime.

Tunisia has a significant geographical position as it is a gateway to African countries, European states and Arab countries. Tunisia has signed FTA with European Union so it is expected that in near future, Tunisia will become economic hub of Africa, he said.

The ambassador said Tunisia can serve as a gateway for Pakistani business community to the African continent. He pointed out that lack of information is a hindrance in promotion of trade between the two nations.

The urged upon business communities of the two countries to establish liaison and frequent contacts to explore trade and investment opportunities in their respective countries.

Speaking on the occasion, Khawaja Shahzad Nasir said business community of the two countries should make joint efforts to make use of each other’s strengths.