Pakistan, Afghanistan sign trade agreement

Pakistan and Afghanistan on Wednesday signed an Early Harvest Programme (EHP) to reduce tariffs on eight agricultural items for one year, laying the foundation for a broader preferential trade agreement (PTA) between the two countries. The EHP, which takes effect on Aug 1, will remain in force for one year and is renewable. It also allows for the future inclusion of additional items, making it the first tangible step towards launching negotiations on a comprehensive PTA. The agreement was signed by Pakistan’s Commerce Secretary, Jawad Paul, and Afghanistan’s Deputy Minister of Industry and Commerce, Mullah Ahmadullah Zahid, who was accompanied by a delegation of senior technical officials. The Afghan delegation arrived in Islamabad on Monday night to hold detailed negotiations with Pakistan’s Ministry of Commerce.