Pakistan seeks early implementation of free trade agreement with Gulf Cooperation Council

Secretary General of the Gulf Cooperation Council (GCC), Jassem Mohamed Albudaiwi, right, and Dr. Gohar Ejaz, Pakistan's minister of commerce shake hands after signing preliminary Free Trade Agreement (FTA) between the GCC and Pakistan in Riyadh, Saudi Arabia on September 28, 2023. (Photo courtesy: GCC)
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Updated 05 October 2023
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Pakistan seeks early implementation of free trade agreement with Gulf Cooperation Council

  • A ‘preliminary’ deal signed by two sides needs to go through GCC’s internal administrative and approval process
  • The FTA will enable Pakistan to meet its export targets while increasing investment from the six-nation bloc

ISLAMABAD: Pakistan called for early implementation of a free trade agreement (FTA) with the Gulf Cooperation Council (GCC) on Thursday, pointing out that its activation would lead to mutual economic growth and prosperity in the foreseeable future.

The two sides thrashed out technical issues while examining the possibility of entering the agreement in negotiations held last year.

More recently, an official statement circulated in Islamabad announced the signing of a “preliminary” free trade agreement on Friday after the country’s interim finance minister, Dr. Gohar Ejaz, met the GCC secretary-general, Jassem Mohamed Albudaiwi, in Riyadh.

The statement described it as a “milestone” development, adding that the preliminary deal would go through GCC’s internal administrative and approval process before the agreement’s finalization.

“Pakistan-GCC FTA is the first such agreement concluded by GCC with any country since 2009,” the foreign office spokesperson, Mumtaz Zahra Baloch, said during her weekly media briefing. “We look forward to the early signing, ratification, and implementation of the Agreement, which we believe will contribute to growth and mutual prosperity and mark a new chapter in economic relations between Pakistan and GCC.”

The GCC is an important six-country trade bloc which includes Saudi Arabia, the United Arab Emirates, Bahrain, Oman, Qatar, and Kuwait.

Pakistani officials have described the preliminary deal as a major “turning point” in the history of economic and trade cooperation between the two sides that will serve their common interests.

Pakistani business community has also maintained the implementation of the agreement would help the country meet its export targets while increasing investment from the GCC region.


Pakistan urges equal application of international law, flags Indus treaty at UN debate

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Pakistan urges equal application of international law, flags Indus treaty at UN debate

  • Pakistani envoy says silence over violations of international law are fueling conflicts from South Asia to Gaza
  • He urges the UN secretary-general to use the Charter’s preventive tools more proactively to help avert conflicts

ISLAMABAD: Pakistan’s UN ambassador on Monday called for equal application of international law in resolving global conflicts, warning that India’s decision to hold the 1960 Indus Waters Treaty in abeyance and the unresolved dispute over Kashmir continued to threaten stability in South Asia.

Speaking at an open debate of the UN Security Council on “Leadership for Peace,” Ambassador Asim Iftikhar Ahmad said selective enforcement of international law and silence in the face of violations were fueling conflicts worldwide, undermining confidence in multilateral institutions.

His remarks come months after a brief but intense military escalation between India and Pakistan in May, following a gun attack on tourists in Indian-administered Kashmir. India blamed the attack on Pakistan, a charge Islamabad denied while calling for a transparent international probe.

The attack triggered a military standoff between the two South Asian nuclear neighbors and prompted New Delhi to suspend the World Bank-brokered Indus Waters Treaty, a move Pakistan says has no basis in international law and has described as “an act of war.”

“India’s unilateral suspension of the Indus Waters Treaty — a rare and enduring example of successful diplomacy — is yet another blatant breach of international obligations that undermines regional stability and endangers the lives and livelihoods of millions,” Ahmad told the council.

He said Jammu and Kashmir remained one of the oldest unresolved disputes on the Security Council’s agenda and required a just settlement in line with UN resolutions and the wishes of the Kashmiri people, a position India has long rejected.

Ahmad broadened his remarks to global conflicts, citing Gaza, Ukraine, Sudan and other crises, and said peace could not be sustained through “selective application of international law” or by sidelining the United Nations when violations occur.

The Pakistani envoy also referred to the Pact for the Future, a political declaration adopted by UN member states this year aimed at strengthening multilateral cooperation, accelerating progress toward the 2030 development goals and reforming global governance institutions.

While welcoming the pact, Ahmad warned that words alone would not deliver peace, pointing to widening development financing gaps, rising debt distress and climate shocks that he said were reversing development gains across much of the Global South.

He called for a stronger and more proactive role for the UN Secretary-General, including earlier use of preventive tools under the UN Charter, and urged the Security Council to demonstrate credibility through consistency, conflict prevention and greater respect for international court rulings.

“No nation can secure peace alone,” Ahmad said. “It is a collective endeavor, requiring leadership, cooperation and genuine multilateralism.”