SIALKOT:Executive Director General, Trade Dispute Resolution Organization (TDRO) Sajid Hussain that the TDRO was actively working on the formation of new law for providing maximum relief to the exporters and exporters through ensuring the early amicable solution to their trade disputes with the help of this direly needed law. He said that the TDRO was making all out sincere efforts to resolve the trade disputes of the exporters and importers by taking all the stakeholders on board.
He stated this while addressing the participants of an awareness-raising meeting held by TDRO at Sialkot Chamber of Commerce and Industry (SCCI) here today. SCCI President Zahid Latif Malik presided over the meeting. Irshad Ahmad (Director TDRO), SCCI SVP Abdul Waheed and Vice President Abid Ahmed Khawaja were also present on this occasion.
The senior TDRO officials gave a detailed briefing to Sialkot business community about the initiative taken by TDRO to resolve the International Trade disputes by making a Special Law.
During this important meeting, the Sialkot exporters expressed grave concern over the lacked law making and have urged the government to ensure the early necessary legislation for the direly needed protection of the rights of exporters and importers in the country under the Trade Dispute Resolution Organization (TDRO).
SCCI President hailed the TDRO initiative for consulting with important stakeholders before finalizing the rules for the resolution of International Trade Disputes as well.
He said that the new Law is more inclined towards the interests of the foreign buyers. He added that no counter mechanism was presenting the sample draft of International Trade Dispute Resolution against the foreign buyers.
“All the stakeholders including key government functionaries like TDRO, should exercise the sprit of patriotism and put the interests of the Country first rather than facilitating the non-state actors”, he added.
Addressing the participants, Hasnain Cheema, Chairman Pakistan Sports Goods Manufacturers and Exporters Association (PSGMEA) said that Ministry of Commerce is not defending the rights of the exporters. He said that it is impossible for the trade bodies to give suggestions on the bill in a limited timeframe.
During the meeting, the Sialkot exporters asked the TDRO to pay equal attention to the cases filed by local companies because many International Buyers hold their payments for no reason.
They jointly suggested signing agreements with the International Recovery Agencies for the facilitation of the Pakistani exporters. They also suggested that such Law should only be practiced in cases where the country of origin of the buyer has a similar Law implemented.