14th November, Islamabad: A two days training course on “Trade and Investment” organized by Pakistan Institute of Trade and Development (PITAD) under the European Union funded TRTA II programme concluded today.
The Trade Related Technical Assistance (TRTA II) programme is funded by the European Union which aims at enhancing export competitiveness of Pakistan. The TRTA II programme is implemented by the United Nations Industrial Development Organization (UNIDO) in association with the International Trade Centre (ITC). The programme has three main components where Component 1 is about trade policy capacity building and is implemented by the ITC.
The training was held to develop the capacity of the officials working in various ministries and government implementing agencies on the issues related to Investment, Investment Management, Investment Regulations and dispute settlements in Investment Treaties. The training particularly focused on the law and policy of investment, scope and standards of International Investment Agreements, and different levels of international investment regulations. Particular attention was given to analyzing the dispute settlement mechanism and Pakistan’s experience in that connection. The training provided an opportunity to the participants to understand issues related to investment and enabled them to effectively contribute to government policies, investment management and bilateral investment treaties of Pakistan.
Thirty government officers and researchers from federal government ministries, implementing agencies, provincial departments and research organizations were invited to participate in the training to strengthen their capacity regarding trade and investment.
Deputy Ambassador of the EU Delegation to Pakistan, Mr. Pierre Mayaudon praised the commitment of the participants to promote trade and investment . He also expressed the wish that Pakistan’s numerous assets will translate into a better commercial outreach to the region and beyond. “The EU, as the first trading partner of Pakistan, will continue to accompany you in your efforts towards broader diversification of your exports, he said.”
Mr. Tahir Maqsood, Director General PITAD, while addressing the inaugural session said that “Better investment policies are the key to promote investment in the country for economic development.”
The training course was jointly conducted by ITC and PITAD with technical assistance from the Switzerland based World Trade Institute (WTI). The training was being delivered by a Master Trainer from Trade Development Authority of Pakistan Mr. Shahzad Ahmad Khan who was supported by his mentor Dr. Anthony Van Duzer from WTI through video conference.