Experts concerned over failure to implement trade policies

29 Jul '08

2 min read

A seminar conducted to discuss about the implementation aspect of policies made by the government, witnessed mixed reactions from industry experts.

Most of them emphasized on having an effective implementation and evaluation mechanism that could help transform policy decisions into definitive actions that would in turn give tangible results.

After going through past records, most of the experts came to a conclusion that nearly 70 percent of the trade policies and decisions taken earlier remained unimplemented. This is largely due to limited timeframe, inefficiency, lack of skill and resources.

However, most of them agreed that on the issue of trade with India, that country had a comparative advantage over Pakistan and blamed it on the poor negotiating skills of their country. Experts are hopeful that the Government would provide sufficient financial support and other resources for implementing strategic policies.

Moreover, there were others who appreciated the high aimed export targets but were skeptical about its achievement in the midst of increasing imports made by Pakistan. Besides, some also asserted that if Pakistan was not keen on trading with India, it should not have inked the South Asian Free Trade Agreement.

Subsidies for the textile sector in the sphere of research and development was also sought in the upcoming Governmental policies.

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