Commerce ministry begins consultations to implement STPF 2015-18 from today


ISLAMABAD : The Ministry of Commerce has initiated consultation process with the private sector and other sectors to effectively implementation of Strategic Trade Policy Framework (STPF) 2015-18.

The ministry will hold seminar in Karachi today to create awareness among the private sector and other stakeholders on the initiatives provided in the STPF 2015-2018 for their optimum use by the private sector.

Seminars in Lahore, Sialkot and Faisalabad will be held on August 22, 24 and 26, respectively.

During the consultative workshops, the private sector would be educated on procedural requirements, eligibility criteria and other formalities to avail incentives provided in the STPF 2015-18 for private sector.

According to a statement issued by the commerce ministry on Wednesday, these workshops would help get feedback from the private sector for course corrections in the current STPF and implementation monitoring of the trade policies. Besides, they would help in developing partnerships with the private sector for the implementation of the framework. The consultation would help identify areas and issues for further research and analysis, which may assist Ministry of Commerce in designing the future STPF.

The statement said constructive collaboration and partnership for successful formulation and implementation of government policies is necessary among public sector, private sector and academia.

It is pertinent to mention here that Commerce Ministry after consultation with relevant stakeholders recently announced the policy framework with the major targets of increasing annual exports from $ 23.66 billion on 2014-15 to $ 35 billion by June 30, 2018, by improving exports competitiveness, transition from factor driven economy to innovation driven economy, increasing the share of Pakistan’s exports in regional markets.

Source : APP


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