15 Trade Delegations From United States To Arrive in Pakistan Next Year: Alice Wells
The paper has also been posted at the US State Department’s official site.
According to Assistant Secretary of State of Alice Wells, United States will be sending as many as 15 trade delegations to Pakistan in 2020 to explore the possibilities for expanding trade with the country. The Assistant Secretary of State was reading a paper at Washington think-tank, Wilson Centre, last week.
The paper has also been posted at the US State Department’s official site. According to the paper, the US Commerce Department has already increased its pace of work in Pakistan as 15 trade delegations are all set to take off for the country next year.
“Pakistan is going to be a country of great interest once the new expanded Development Finance Corporation (DFC) is up and running,” the paper reads.
Alice Wells went on to add that during Prime Minister Imran Khan’s visit to the United States earlier this year President Trump was “extremely enthusiastic about the potential for increasing and expanding our US-Pakistan trade and investment relationship.
And both our governments are working very hard to find practical ways to do that. We commend Pakistan for surging 28 slots on the World Bank’s 2020 Ease of Doing Business ranking and being highlighted as one of the top ten reformers globally.”
The Assistant Secretary of State also talked about various US-based companies having made major investments in Pakistan. She said that the firm Excelerate is prepared to potentially invest more than $300 million to upgrade a floating storage regasification unit in Pakistan’s first LNG terminal. Moreover, PepsiCo and Coca-Cola have invested $800m and $500m respectively, thus providing thousands of job opportunities for Pakistani people.
Furthermore, Assistant Secretary of State Alice Wells also mentioned different initiatives the US government has taken to facilitate people in Pakistan.