Regulatory cooperation in services trade can boost economy


LAHORE : Better policies are key to promote Trade in Services which could be achieved by deeper reciprocal liberalization with trade partners and greater regulatory cooperation where the Pakistani service providers/professionals will get access to the foreign markets.Malcolm Boswoth an international expert on Trade in Services said delivering lecture at the training organized here by the International Trade Centre (ITC) under the European Union funded TRTA II programme.  The TRTA II programme is funded by the European Union which aims at enhancing export competitiveness of Pakistan. 

The programme has three main components where Component 1 is about trade policy capacity building and is implemented by the International Trade Centre (ITC).
The training course is jointly conducted by ITC and PITAD in collaboration with the Punjab Department of Industries, Commerce and Investment, Lahore.
Professor Malcolm Bosworth hails from the University of Bern, World Trade Institute, Switzerland.
Sajid Hussain, Director General PITAD appreciated the efforts of ITC in developing institutional capacity of Pakistani training and research organizations. He emphasized the need to develop services sector and allocation of additional government funding and resources to promote the Services particularly health sector.  Speaking at the occasion, Sher Afgan, Director General Trade Development Authority of Pakistan, emphasized the need to promote Trade in Services which according to him is an important contributor to the country’s economy.
He highlighted that TDAP is providing every possible assistance to the service providers at domestic level.
Mohammad Owais Khan, Programme Officer International Trade Centre , introduced the EU funded TRTA II programme and highlighted the assistance provided by ITC to local training and research organizations to build their institutional capacity. He flagged the MOU facilitated by ITC between PITAD and the World Trade Institute which has contributed immensely to the capacity building of Pakistani policy makers.

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