ISLAMABAD: The Commerce Ministry has evolved a strategy to present Pakistan’s stance on several agenda items, which will be discussed in the upcoming ministerial meeting of the World Trade Organisation (WTO) to be held in Nairobi, Kenya next week.
The strategy was discussed in a meeting chaired by Federal Commerce Minister Engr Khurram Dastgir Khan and was attended by representatives of WTO Wing of the Ministry of Commerce, Ministry of National Food Security and Research, Federal Board of Revenue, Ministry of Textile and Ministry of Industries and Production.
The meeting decided that Pakistan’s trade interests will be thoroughly defended in the ministerial meeting through rigorous trade diplomacy. It was agreed that Pakistan will only support and under certain terms and conditions, the proposal to allow countries to have public stockholdings of agricultural commodities and export the same commodities.
The permission for public stock holding was allowed in the Bali meeting in 2013 under certain monitoring and evaluation to support the resource poor farmers of the developing countries and ensuring their food security.
