Economic Diplomacy :New Pakistan-U.S. Trade Deal Reduces Tariffs, Expands Market Access

Washington, D.C. : Pakistan and the United States on Wednesday finalized a trade agreement aimed at expanding bilateral trade, increasing market access, attracting investment, and strengthening cooperation in key areas of mutual interest.

The agreement was concluded during a meeting between Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, and U.S. Secretary of Commerce Howard Lutnick, along with United States Trade Representative Ambassador Jamieson Greer. The meeting, held in Washington, D.C., was also attended by Secretary Commerce Jawad Paul and Pakistan’s Ambassador to the United States, Rizwan Saeed Sheikh.

Former U.S. President Donald Trump confirmed the development via a post on his platform, Truth Social, calling it a significant advancement in U.S.-Pakistan trade relations.

As part of the agreement, both countries will implement reductions in reciprocal tariffs, with a particular focus on facilitating Pakistani exports to the United States. The deal is also expected to open new avenues of economic cooperation in sectors such as energy, mining and minerals, information technology, and cryptocurrency.

Officials noted that the agreement complements Pakistan’s ongoing efforts to broaden the scope of its economic engagement with the U.S., including fostering state-level partnerships across America. The pact aims to enhance two-way market access and create fresh investment opportunities.

Moreover, the deal is projected to boost U.S. investment in Pakistan’s infrastructure and development projects, marking a renewed commitment to economic collaboration.

The trade agreement signals a positive shift in bilateral ties, underscoring both nations’ resolve to build a dynamic and forward-looking economic partnership.