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Pakistan, Australia Announce Intention To Sign DTA

Tuesday, February 23, 2010

At its second meeting, the Pakistan-Australia Joint Trade Committee decided upon the signing of a double tax agreement, and discussed the removal of tariffs on Pakistani goods to the Australian market.

The joint forum was first established in 2007, but as yet has made little progress towards achieving its goals, among them removing barriers to trade. The two parties agreed to more regular meetings to realize increased trade ties, and also identified agriculture and investment as areas where increased cooperation would be beneficial to both parties.

The heads of the respective countriesí delegations, Australian First Assistant Secretary Deborah Stokes, and Pakistanís Himayatullah Khan, who heads the Department of Agronomy, agreed that an initial step to this end would be the signing of an agreement for the avoidance of double taxation, which would facilitate increased trade flows and investment.

During the meeting, the Pakistani delegation urged a review of tariffs on certain imports Pakistani goods to Australia, particularly mangoes, citrus, apples and dates, to increase access to the Australian market for Pakistan's farmers.

Concluding, the delegations agreed to hold the next meeting in 2011 in Australia, and hold JTC meetings on a yearly basis henceforth.