Coherent regulatory regime necessary for attracting foreign investment: Secretary Commerce

Mr. Qasim Niaz, Federal Secretary Ministry of Commerce  addressing the inaugural  session of the training
Mr. Qasim Niaz, Federal Secretary Ministry of Commerce addressing the inaugural session of the training

Mr. Qasim Niaz, Secretary Ministry of Commerce, Ms. Rabyia Javeri Agha, Secretary, Trade Development Authority of Pakistan (TDAP) and Mr. Hamid Malhi, President Basmati Growers Association of Pakistan stressed the need reform investment policies in the country to promote investment while addressing the inaugural sessions of the three training workshops held in Islamabad, Karachi and Lahore on “Trade and Investment”. They mentioned that trade and investment are two sides of the same economic coin and the countries that are integrated in the global supply and investment chain would be the driver of future economic growth. Ms Agha emphasized that Pakistan needed to become one of those nations by building its capacity and becoming a reliable supplier of goods and services. She further informed the audience that Pakistan has executed Bilateral Investment Treaties with 47 countries and 52 agreements for avoidance of double taxation.

Ms. Rabiya Javeri Agha, Secretary, TDAP addressinging at the training workshop in Karachi
Ms. Rabiya Javeri Agha, Secretary, TDAP addressing at the training workshop in Karachi

The trainings were organized by ITC under Component 1 from 09-12 September in Karachi, Lahore and Islamabad and attended by 270 stakeholders.

Professor Julien Chaisse, a renowned scholar from Chinese University of Hong-Kong, thoroughly investigated the legal side of the development in particular the changes in bi-lateral and regional FDI regulations and the lessons that could be learned for international investment agreements (IIAS) and the constitution of trading blocks. He threw light on the current position of international disputes / investor claims and the need for existing mechanism to address the issues.

Mr. Hamid Malhi, President, Basmati Growers Association addressing at the training in Lahore
Mr. Hamid Malhi, President, Basmati Growers Association addressing at the training in Lahore

The training workshops aimed at the capacity building of stakeholders on issues related to Investment, investment management, investment regulations and dispute settlement in Investment treaties. The training particularly focused at 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 analyze the dispute settlement mechanism and Pakistan’s experience in that connection.

Training participants in Lahore
Training participants in Lahore
Professor Julien Chaisse during a training session in Islamabad
Prof. Julien Chaisse during training in Islamabad