Peshawar, March 08, 2013 (PPI-OT): Mr. James Fluker, Commercial Counsellor at the U.S. Embassy in Islamabad, held a session at the KP Chamber of Commerce and Industry to help local businesses understand how to be competitive in U.S. markets. Mr. Fluker’s visit to Peshawar is part of a U.S. initiative to help Pakistani executives take advantage of these opportunities to grow their business.
“The United States is the largest and most open economy to trade and investment in the world,” said Mr. Fluker. “In fact, the United States government allows Pakistani businesses to export more than 3,500 items to the U.S. without paying any duties on them, including jewelry, most manufactured items, and many types of carpets, agricultural products, minerals, and marble. It is clear to us that trade, investment, and private sector growth are key to the future of the U.S.-Pakistan relationship.”
The U.S. Commercial Service is the trade promotion office of the U.S. government. It connects U.S. exporters with international buyers through a network of 100 offices in the United States, and in over 70 cities around the world, including offices in Islamabad, Karachi and Lahore. It also helps Pakistani buyers locate U.S. products, services, and business partners; meet suppliers and partners face-to-face; and participate in trade shows that feature thousands of U.S. companies. In June 2013, an official U.S. government -led delegation of Pakistani business executives will travel to the International Franchise Expo in New York City.
“We are grateful to the U.S. government for their financial and technical support in numerous development plans,” said Chamber President Dr. M. Yuosaf Sarwar. “American support will play a vital role in reviving the business activities in the province and bringing economic prosperity to Khyber Pakhtunkhwa.”
Two-way trade between Pakistan and the United States was more than $5 billion in 2012. Pakistan exports more products to the United States than to any other country in the world. In fact, American consumers purchased almost 20 percent of Pakistan’s exports last year. The United States also consistently ranks among the top sources of foreign direct investment in Pakistan.
This initiative is just one part of a comprehensive U.S. economic growth assistance program which includes expanding irrigation by more than 200,000 acres near the Gomal Zam and Satpara dams; constructing more than 1,000 km of roads to connect communities and facilitate trade; modernizing dairy farms in Punjab; and launching private equity investment funds to help small and medium businesses grow.
For more information about the U.S. government program to promote economic growth with duty-free entry into the American market, please visit:
For more information, contact:
Public Affairs Section
Embassy of the United States of America
Diplomatic Enclave, Ramna 5
Tel: +9251-208 0000
Fax: +9251-227 8607