ISLAMABAD - Assistant United States Trade Representative (AUSTR) for South Asia Michael Delaney led a delegation to Islamabad on Tuesday to discuss the US-Pakistan Trade and Investment Framework Agreement, known as TIFA, with the government of Pakistan.

The meeting, hosted by the Ministry of Commerce, covered a broad range of trade and investment-related issues, including increasing market access for Pakistani goods to the US markets, business-to-business ties, intellectual property, and progress on the Augmented Joint Action Plan for trade and investment, as had been agreed by President Barack Obama and Prime Minister Nawaz Sharif during the latter’s October 2015 visit to Washington, DC.

“Pakistan and the United States share a relationship based increasingly on trade and investment, and have a five-year action plan to continue to do so,” Delaney said, and added, “The United States sees Pakistan’s prosperity as good for the region and good for itself too.”

Delaney met with the government officials and discussed issues of bilateral interest. During his meetings, he emphasised that the US remained committed to working with the Pakistani government and private sector to enhance bilateral trade and investment ties.

The United States is the largest destination for Pakistani exports, and is one of the country’s primary sources of foreign direct investment, and in 2015, bilateral trade between Pakistan and the US surpassed $5.5 billion.

The US-Pakistan TIFA provides a strategic framework and principles for a dialogue on trade and investment between the two countries.