ISLAMABAD -  The Ministry of Commerce has decided to approach private sector to educate them on the provisions of Strategic Trade Policy Framework (STPF 2015-18) to achieve exports target of $35 billion by June 30, 2018.

The government, few months back, had announced STPF with major targets of increasing annual exports from $23.66 billion of 2014-15 to $35 billion by 30th June 2018. The policy aimed at improving exports competitiveness, transition from sector driven economy to innovation driven economy and increasing the share of Pakistan’s exports in regional markets. The policy was announced after consultation with relevant stakeholders.

However, for the successful formulation and implementation of the policy, the government had decided to approach private sector. In order to realize the targets as provided in the STPF 2015-18, it is necessary that the private sector is approached and educated on the provisions of STPF and how can they benefit from the incentives provided in the policy. To that end, the MoC has translated the STPF 2015-18 and the enforced SROs in Urdu with the assistance of USAID funded Pakistan Regional Economic Integration Activity (PREIA) and is planning to hold awareness seminars on STPF 2015-18 in different cities of Pakistan with their technical assistance.

The seminars will take place at Karachi, Lahore, Sialkot and Faisalabad on 18, 22, 24 and 26 August respectively. The objectives of the seminars are as under, to provide the private sector and other stakeholders awareness on the initiatives provided in the STPF 2015-2018 for their optimum use by the private sector, to educate private sector about procedural requirements, eligibility criteria and other formalities to avail incentives provided in the STPF 2015-18 for private sector, to get feedback from the private sector for course corrections in the current STPF and implementation monitoring of the trade policies, to develop partnerships with the private sector for implementation of the STPF 2015-18 initiatives and to identify areas/issues for further research and analysis which may assist MoC in designing the future STPF.

It is expected that these seminars will encourage private sector to benefit from the congenial regulatory regime and result in enhanced public private partnership for trade policy formulation, implementation, monitoring and evaluation.