Karachi, September 11, 2013 (PPI-OT): Better investment policies are the key to promote investment in the country ; said Ms. Rabyia Javeri Agha, Secretary Trade Development Authority of Pakistan (TDAP) while addressing the inaugural session of the training workshop on 09 September on “Trade and Investment” organized at Karachi under the European Union funded TRTA II programme.
She mentioned that trade and investment are two sides of the same economic coin and the countries that are integrated in the global supply and investment chain would be the driver of future economic growth.
She emphasized that Pakistan needed to become one of those nations by building its capacity and becoming a reliable supplier of goods and services. She further informed the audience that Pakistan has executed Bilateral Investment Treaties with 47 countries and 52 agreements for avoidance of double taxation.
The EU funded TRTA II programme is implemented by the United Nations Industrial Development Organization (UNIDO) in association with the International Trade Centre (ITC) and World Intellectual Property Organization (WIPO).
The training course is jointly conducted by ITC and PITAD in collaboration with TDAP Karachi. The program has three main components where Component 1 is about trade policy capacity building. The training is delivered by Professor Julien Chaisse from the University of Hong Kong.
Professor Julien Chaisse a renowned scholar from Chinese University of Hong-Kong thoroughly investigated the legal side of the development in particular the changes in bi-lateral and regional FDI regulations and the lessons that could be learned for international investment agreements (IIAS) and the constitution of trading blocks. He threw light on the current position of international disputes / investor claims and the need for existing mechanism to address the issues.
Mr. Tahir Maqsood, Additional Secretary, Parliamentary Affairs appreciated the efforts of ITC in developing institutional capacity of Pakistani training and research organizations. He emphasized the need to develop public private partnership for negotiation and implementation of investment agreements. He urged the need to develop the capacity of lawyers and law firms on Investment law and policy.
Mr. 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. He vowed that ITC will continue to provide technical assistance to Pakistani institutes to enable them to benefit from international trade.
The training workshop aimed at the capacity building of stakeholders on issues related to Investment, investment management, investment regulations and dispute settlement in Investment treaties.
The training particularly focused at the law and policy of investment, scope and standards of International Investment Agreements and different levels of international investment regulations. Particular attention was given to analyze the dispute settlement mechanism and Pakistan’s experience in that connection. More than eighty stakeholders from public sector, private sector and academia attended the training.
For more information, contact:
Trade Development Authority of Pakistan
5th Floor, Block A, Finance and Trade Centre, Shahrah-e-Faisal,
Karachi 75200 Pakistan.
PABX: 92-21- 9206487-90
Category: General Business News