Table of Contents

I. INTRODUCTION; 1. Diplomatic Ups and Downs; 2. The FTA Case; 3. Pakistan's Place in the Queue; 4. Plan of the Report; II. AGRICULTURAL MARKET ACCESS AND LINKED ISSUES; 1. Pakistan's Agricultural Sector and Bilateral Trade; 2. Tariffs, Tariff-Rate Quotas, and Other Barriers; 3. Sanitary and Phyto-Sanitary Measures and Related Technical Issues; 4. Recommendations; III. TEXTILES AND CLOTHING; 1. T&C Production and Bilateral Trade; 2. Bilateral Barriers to T&C Trade; 3. Textiles and Clothing in Previous Bilateral FTAs; 4. Recommendations; IV. OTHER MANUFACTURES; 1. Manufacturing Production and Bilateral Trade; 2. Tariffs and Other Barriers; 3. Recommendations; V. LABOR AND ENVIRONMENTAL ISSUES IN PAKISTAN; 1. Labor Standards in Pakistan; 2. Environmental Standards in Pakistan; 3. Labor and Environment in US FTAs; 4. Recommendations for Labor Provisions in a US-Pakistan FTA; 5. Recommendations for Environmental Provisions in a US-Pakistan FTA; VI. GOVERNMENT PROCUREMENT; 1. Government Procurement: The United States; 2. Government Procurement: Pakistan; 3. Recommendations; VII. INVESTMENT AND SERVICES; 1. FDI Overview and Main Characteristics; 2. FDI Friction; 3. International Investment Agreements; 4. Portfolio Investment; 5. Services; 6. Recommendations for Investment and Services; VIII. ESTIMATES FROM GRAVITY AND CGE MODELS; 1. Gravity Model: Construction and Results; 2. CGE Model: Construction and Results; 3. Summing Up; IX. CONCLUSION.

About the Author

Gary Clyde Hufbauer, Reginald Jones Senior Fellow since 1992, was formerly the Maurice Greenberg Chair and Director of Studies at the Council on Foreign Relations (1996-98), the Marcus Wallenberg Professor of International Finance Diplomacy at Georgetown University (1985-92), senior fellow at the Institute (1981-85), deputy director of the International Law Institute at Georgetown University (1979-81); deputy assistant secretary for international trade and investment policy of the US Treasury (1977-79); and director of the international tax staff at the Treasury (1974-76). Shahid Javed Burki, former finance minister of Pakistan, is the chief executive officer of EMP Financial Advisors, LLC. He served at the World Bank for 25 years (1974-99), as division chief and senior economist, Policy Planning and Program Review Department; senior economist and policy adviser, the Office of the Vice President of External Relations; director, International Relations Department of that vice-presidency; director of China and Mongolia; and vice president of the Latin American and Caribbean region.