Trade concessions fruitless sans export policy: PEW
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Lack of coordination among ministries marring int’l trade
The Pakistan Economy Watch (PEW) on Friday said trade concessions from west will be of little use in absence of an export policy which is yet to be announced by the government.
Government wants to promote international trade and has inked favourable deals with some countries but volume of exports hasn’t witnessed any boost because of conflicting policies, said Dr. Murtaza Mughal, President PEW.
He said that different concerned department are facing lack of coordination, cooperation and harmony which is casting negative shadow on exports.
Moreover, exporters avoid value addition and prefer to sell raw material as well as semi-finished goods which are keeping export earnings below 25 billion dollars since years.
Dr Murtaza Mughal said that while exporters are slow in finding new markets government continue to support traditionally established sectors while paying little attention to the new sectors.
Many good decisions have been taken but implementation remain a problem, he said adding that ministry of commerce would fine-tune a trade policy but lack resources to implement it which leaves all the effort futile.
Concessions taken after years of diplomatic efforts would only work in all the ministries and departments have synergy and government announce a good export policy which has been delayed since long.
