Terms of Reference (TORs) Signed between PITAD and Korea Institute for International Economic Policy (KIEP)
TORs of a Pre-Feasibility study for Free trade Agreement (FTA) between Pakistan and Korea were signed between Pakistan Institute of Trade and Development (PITAD) and the Korea Institute for International Economic Policy (KIEP) in Seoul, Korea on 9th July, 2015. This study will be completed within 1 year.
The decision was reached in the meeting between Federal Minster of Commerce Mr. Khurram Dastgir Khan and Korean Minister of Trade, Investment and Energy Mr. Yoon Sang-jick in Seoul.
Mr. Dastgir told his counterpart that Prime Minister Mr. Mohammad Nawaz Sharif was keen to promote economic relations between the two countries and that the Korean traders and investors should move forward to take advantage of the favourable business climate in Pakistan.
Mr. Yoon, agreeing with Mr. Dastgir, said he was personally optimistic about Pakistan´s economic prospects, which would draw more investment. He would also review the role of Korean companies development in Pakistan power sector.