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Review of Pakistan’s export and import during May 2020

Review of Pakistan’s export and import during May 2020

The economists revealed that worldwide economy is highly integrated by tourism, trade and remittances. According to World Trade Organisation (WTO), world merchandise trade because of COVID-19 is predicted to fall by 13 to 32 percent in 2020. During 2020 trade volume is predicted to decline by double digits in nearly all regions, depending on the duration of the outbreak and effectiveness of policy response. Trade in services is also predicted …

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Pak-China FTA: opportunities and pitfalls

  Creation of WTO and arriving at the agreement to give all countries equal opportunities ushered a new era in international trade. Simultaneously, different trade groups emerged to ensure collective wellbeing, NAFTA was the first to emerge, that was followed by European Union (EU) and the story continued. From Pakistan’s perspective it is member of ECO and SAARC but both these blocs have remained muted. RCD was broadened and given …

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