In the recently published 2006 National Trade Estimate Report on Foreign Trade Barriers by Office of the United States Trade Representative, it has been stated that the trade deficit of USA with Pakistan is nearly $2 billion. The report states:
"The U.S. goods trade deficit with Pakistan was $2.0 billion in 2005, an increase of $945 million from $1.1 billion in 2004. U.S. goods exports in 2005 were $1.2 billion, down 31.2 percent from the previous year. Corresponding U.S. imports from Pakistan were $3.3 billion, up 13.2 percent. Pakistan is currently the 57th largest export market for U.S. goods."
In this report, 9 pages have been dedicated about Pakistan. Pakistan has been criticized as one of the countries with widespread piracy software and music. The report has praised for its privatization program in the banking. According to it, 'The stock of U.S. foreign direct investment (FDI) in Pakistan in 2004 was $991 million, up from $790 million in 2003.'
This report is an important document for anyone willing to do business in . You can download it at free of cost from this link.
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