ISLAMABAD: Pakistan has asked the United States to revise travel advisory, ensure a preferential access to its textile market and ease visa regime for exporters of IT-related services to further strengthen trade ties between two countries.

This was put forth by Minister for Commerce Engineer Khurram Dastgir Khan during the 8th Trade and Investment Framework Agreement (TIFA) council meeting here on Tuesday.

Speaking during the inaugural session, Dastgir said that there were several reasons for which Pakistan deserved preferential access to the US textile market.

“Several international institutions have substantiated Pakistan’s stable economy, while the security situation has also greatly improved that Pakistan is now a lot safer today than it was a few years ago,” said the minister.

A durably stable Pakistan would not only bring prosperity to its people but would also allow the country to play its role in creating a stable region, he added.

Ambassador Michael Forman was of the view that TIFA serves as a premier forum for advancing US-Pakistan trade investment relationship.

Current economic relationship with Pakistan is just a fraction of what it could be and with TIFA we can seek that potential, he said

He was of the view that under the government of Prime Minister Nawaz Sharif, important structural reforms have been undertaken in Pakistan.

These reforms include economic and energy reforms that has resulted in enhancing overall economic growth and lowering inflation and which provides a conducive environment for further strengthening trade ties between two countries, the ambassador said.

During the meeting, the two sides discussed ways and means to improve access of Pakistani exports to the United States, including those of textiles, agricultural items, enforcement of intellectual property rights in Pakistan, establishing dispute resolution mechanisms, opening up of defence procurement in Afghanistan to Pakistani companies, holding the next business opportunities conference in Pakistan and other trade related matters.