Islamabad (July 7, 2017): World Trade Organization (WTO) has decided in Pakistan’s favour on export of a chemical used in the making of mineral water bottles.
The WTO held that measures applied by European Commission on Pakistani PET were inconsistent with the Subsidies and Countervailing Measures Agreement (SCM) of the WTO.
The report of the WTO adjudicating panel was released in Geneva.
This is being seen as a big diplomatic success of Pakistan at the multilateral forum in Geneva by trade experts who termed it a success of the present government’s economic diplomacy.
Minister for Commerce Khurram Dastgir Khan has appreciated the efforts of his Ministry`s officials who contested the case at the international forum over the last two years.