REPORT ON WTO READY FOR SENATE SPECIAL COMMITTEE (SSC) BY JANUARY 10, 2005

Islamabad, December 7, 2004

The draft report on "CHALLENGES OF WTO & STRATEGY" will be presented before the Senate's Special Committee (SSC) on WTO by January 10, 2005. It was decided in a meeting of SSC, which was held under its Chairman Federal Minister for Privatisation & Investment Dr. Abdul Hafeez Shaikh here today.

The report is being prepared by a group of experts under the guidance of the SSC members in the light of the recommendations gathered through presentations by various stakeholders including legislatures, private sector, NGOs, government functionaries and the general public, identifying the role to be played by the respective stakeholders indicating assistance from the government to benefit from the opportunities in the next three years transitional period.

The SSC proposed that while discussing the challenges and the implications  and impact of various agreements under WTO regime, the report should create  awareness among the masses on WTO related issues. The SSC members of the Report Committee also emphasized to include unfinished areas in the report in a proactive manner indicating lapses, providing guidance for the government as regard to present and future policies in the largest interest of the country irrespective of any political outlook, the members opined.

The members suggested that the report should also focus on substantive issues and WTO's misuse by the developed countries, proposing strategies after reduction of subsidiaries. The report will be finalized by SSC during the third week of January 2005.

The SSC had so far gathered proposals from the representatives of  Federation of Pakistan Chamber of Commerce & Industries (FPCCI), All Pakistan Textile Mills Association (APTAMA), Food, Agriculture & Livestock sectors, State Engineering Corporation, Pakistan Engineering Development Board, Pakistan Automobile Motors Association, Pakistan National Accreditation Council (PNAC) on the Business allocated to them under the  rules and Government's Preparedness to face the challenges of WTO regime coming into force in 2005 and the Pharmaceutical Association who made presentations on challenges confronting Pakistan's Engineering, Automobile, Pharmaceutical industries, Pakistan Carpet and Surgical manufactures and exports Associations in the wake of WTO regime and their solutions in its  previous meetings.

The 16 members Special Committee headed by Senator Dr. Abdul Hafeez Shaikh was constituted by the House on September 22, 2003. The members of the  Special Committee include Senators Prof. Khurshid Ahmed, Mushahid Hussain  Syed, Mohammad Ishaq Dar, Nisar Ahmad Memon, Dr. Muhammad Akbar Khawaja, Lt. Gen. Retd Javed Ashraf, Syed Dilawar Abbas, Muhammad Azam Khan Swati,Miss.  Anisa Zeb Tahirkheli, Waqar Ahmed Khan, Ilyas Ahmed Bilour, Mir Muhammad  Naseer Mengal, Muhammad Abbas Komaili, Dr. Shahzad Waseem, Mrs. Roshan Khursheed Bharucha and Ch. Muhammad Anwar Bhinder.