Business, industry offer mixed views: US mid-term elections
KARACHI, Nov 10: Businessmen and industrialists offer a mixed view over Democratsââ¬â¢ win in US mid-term elections. Some expect positive changes in US economic and political policies towards Pakistan while others see no economic benefits under the new political set-up.
Many industrialists think that in case the Democrats consider to augment economic relations and open the markets to Pakistan then it will definitely make it conditional to Afghanistan revolving the Taliban issue.
ââ¬ÅI see signing of Bilateral Investment Treaty (BIT) in hot waters as Pakistan cannot meet the stiff terms and conditions of the US,ââ¬Â said Karachi Chamber of Commerce and Industry (KCCI) President Majyd Aziz. He also forecast more pressure on Pakistan under the Democratsââ¬â¢ rule especially on the human rights issue and other policy matters.
ââ¬ÅOur history is witness to the fact that Pakistan gets short end of the stick whenever the Democrats assume the power,ââ¬Â he recalled by saying that the Republican had been in favour of Pakistan while the Democrats had always kept Pakistan in pain.
ââ¬ÅPakistan will hardly get any thing especially the market access for its textile exports,ââ¬Â the KCCI chief added.
Site Association of Industry (SAI) Chairman Ameen Bandukda sees change in Democratsââ¬â¢ attitude towards Pakistan especially on political front. However, he says as far as trade with is concerned he does not forecast any big difference in the short-term.
ââ¬ÅHistorically Republicans were pro-Pakistan. I hope the Democrats may follow the suit,ââ¬Â he said while recalling that Bill Clinton had imposed the sanctions on Pakistan while George Bush had removed it.
On BIT and more market access, he said, the US looks highly concerned over the improper implementation of Intellectual Property Rights (IPR) which had been the main impediment in signing of the BIT. However, he hoped that the BIT would be signed sooner or later.
ââ¬ÅMajority of countries now feel that the US is losing its good image due to various political reasons especially its handling of Iraq and Afghanistan issues. The Democrats will definitely try their level best to remove these negative sentiments,ââ¬Â he observed.
However, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Ch Mohamamd Saeed was of the view that Democrats had also been pro-Pakistan.ââ¬ÅI think that the Democrats will not have any confrontation in their policies towards Pakistan especially towards the signing of BIT in future and economic and political relations will remain normal with Pakistan,ââ¬Â he said.
He said Pakistani government should now focus on getting more market access under the new political set up in the USA as China and India are emerging as new threats in view of rising competition all over the world.
Chairman F.B. Area Association of Trade and Industry Masroor Ahmed Alvi said that Democrats were likely to give market access but they would ask Pakistan to stop Talibanââ¬â¢s infiltration into Afghanistan.
It means that Democrats will adopt same policy of give and take with Pakistan.
ââ¬ÅAfghanistan may become a big subject. Definitely Democrats will want some return from Pakistan in shape of resolving Taliban problems before ponder over giving more market access to Pakistan,ââ¬Â he said, adding that Democrats had won the hearts of US nation because of Republicanââ¬â¢s poor handling of Iraq and Afghanistan issue.
He said that Pakistan had not gotten sizable US market access despite becoming frontline state in curbing terrorism.
Korangi Association of Trade and Industry (KATI) Chairman Masood Naqi looks highly optimistic by saying that a ââ¬Åpositive response will be seen from the Democrats towards Pakistan because there are some people in the Democrats who have been lobbying for better business and political relations with Pakistan.ââ¬Â
He said that it appeared that travel advisory to the US citizens for visiting Pakistan, which had remained critical, would turn soft under Democrats rule while Pakistan was likely to get more US market access.
ââ¬ÅI think trade between the two countries will foster in future,ââ¬Â he added.
Chairman North Karachi Association of Trade and Industry (NKATI) Faraz Mirza forecasts better business prospects for Pakistan in short term with the US. He said Democrats, after assuming full fledged power in future, would shift its focus towards Pakistan in improving business relations.
http://www.dawn.com/2006/11/11/ebr4.htm