Pakistan, US reaffirm push for balanced trade framework

May 06, 2026 (MLN): Pakistan and the United States have reaffirmed their commitment to strengthening bilateral trade ties and advancing negotiations on a balanced, mutually beneficial trade framework, while exploring new avenues of economic cooperation across key sectors.

The understanding was reached during a virtual meeting between Federal Minister for Commerce Jam Kamal Khan and Deputy U.S. Trade Representative Rick Switzer, where both sides discussed ongoing negotiations and opportunities to expand economic engagement, according to a press release issued.

During the meeting, the U.S. side appreciated Pakistan’s constructive role in promoting regional stability and facilitating dialogue amid recent developments, noting that such efforts help create a conducive environment for global trade and cooperation.

Responding to the remarks, the commerce minister welcomed the recognition and reaffirmed Pakistan’s commitment to responsible global engagement and regional peace, emphasizing that stability remains essential for boosting trade, investment flows, and economic connectivity.

Discussions also focused on enhancing bilateral trade, with Pakistan expressing interest in expanding exports to the U.S. market and diversifying cooperation in priority sectors. Jam Kamal Khan emphasized that Pakistan seeks a forward-looking trade framework that delivers tangible benefits to both economies.

The U.S. side acknowledged the scope for deepening trade relations and reiterated its willingness to work closely with Pakistan to move negotiations forward, stressing that a reciprocal approach would support long-term economic engagement.

Federal Secretary Commerce Jawad Paul noted that constructive engagements on the Agreement on Reciprocal Trade (ART) have already taken place, with only a few areas remaining under discussion. He added that technical teams from both sides are actively working to resolve outstanding issues.

Key areas such as digital trade and regulatory cooperation were also discussed, with both sides highlighting the importance of continued technical-level engagement to maintain momentum toward an early conclusion of the agreement.

Concluding the meeting, the commerce minister invited the U.S. side to visit Pakistan, reaffirming Islamabad’s commitment to strengthening economic ties, while both sides agreed to remain in close contact in the coming weeks.

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