PEOPLE’S REPRESENTATIVES RESOLVE TO WORK TOGETHER UNDER PAECO FOR REGIONAL PROSPERITY

Islamabad June 2, 2021: PAECO held a key session today on “Role of Parliaments in enhancing Trade & Connectivity”.

It discussed the avenues of collective and continuous parliamentary efforts for alleviation of poverty and prosperity of ECO region.

At a time, when pandemic is triggering global economic fallout and world is moving towards trade protectionism, regional trade is no longer an option but a necessity.

A case study shed light on successful parliamentary endeavors of National Assembly of Pakistan in relation to improving trade ties with ECO partners.

Later on, productive discussions were held in the context of promoting parliamentary partnerships under themes of inter-parliamentary cooperation, trade facilitation and promotion of people to people contacts.

First thematic session focused on enhancing intra ECO trade by increasing pace of resolution of outstanding issues between governments, common parliamentary legislation and exchange of information on concerns by various trading sectors through parliaments.

Second session urged facilitation of transit trade through trade liberalization, digitalization, infrastructure development and implementation of agreed trade mechanisms under ECO.

Parliamentary Assembly vowed to improve people to people contacts through visa liberalization, promotion of tourism and cultural activities during discourse in third session.