US to send 15 trade delegations to Pakistan in 2020

US to send 15 trade delegations to Pakistan in 2020

WASHINGTON: The United States intends to send 15 trade delegations to Pakistan next year to explore possible avenues for expanding trade with the country, says Assistant Secretary of State Alice Wells.

The information came from a paper Ms Wells recently read at a Washington think-tank, Wilson Centre, focusing heavily on China Pakistan Economic Corridor (CPEC) with various recommendations for developing US-Pakistan trade ties as well.

The paper, now available at the US State Department’s official site, apprises of the measures taken by the US Commerce Department as it says that the department has “already stepped up its activity in Pakistan with 15 trade delegation planned for the next year.”

According to the paper, the new enhanced Development Finance Corporation (DFC) will have more than double the investment capital than the Overseas Private Investment Corporation (OPIC), expanding from $29 billion to $60 billion. OPIC is a US government agency which mobilises private capital for overseas investments.

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