Linkages between trade, development and poverty reduction (TDP)


Experts stress to implement trade policies

The POST Islamabad, July 29, 2008

Seminar on ‘Trade Policy 2008-09′ was held here, organized by Sustainable Development Policy Institute (SDPI). The speakers of the seminar were Dr Safdar Sohail of Foreign Trade Institute of Pakistan (FTIP), Zubair Ahmed Malik of SAARC Chamber of Commerce and Industry, Senior Journalist Mubarak Zeb and Dr Abid Qaiyum Suleri of SDPI.

The experts gave a mixed reaction over trade policy but stressed the need for a strong implementation and evaluation mechanism to transform those policy decisions into concrete actions. The speakers lamented over implementation ratio on previous years’ trade policy where more than 70 percent major decisions remained unimplemented. Most of the speakers favoured trade liberalization with India.

Mubarak Zeb termed the policy unique in many ways as it was first policy under a coalition democratic setup led by two major political parties of the country but unfortunately it failed to give any qualitative and substantive roadmap for the trade.

Dr Abid Suleri reiterated his concerns on strong domestic mechanism, which helps to reasonably address the import, export and domestic commerce. He sought more subsidies for the textile sector in the area of research and development, and a synergy in the forthcoming policies of the government such as agricultural trade policy and monetary policy by the SBP, which would be crucial for the prospects of trade policy.

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