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Related Keywords: Asia-Pacific region, business opportunities, expanding production line, FDI, Foreign firm, in Vietnam, investing billions of US dollars, reduce non-tariff barriers, regional free-trade agreement . eliminating tariffs, starting production, trade pack, Trans-Pacific Partnership, Vietnamese textile and garment

Foreign firm have started expanding their production line or starting production in Vietnam investing billions of U.S. dollars in anticipation of business opportunities the Trans-Pacific Partnership will bring which is due for completion in the near future.

Related Keywords: Australian government, Australian High Commissioner, bilateral relations, business opportunities, change tariff regime, import of Pakistani textile, Pakistan, Pakistan Australia Business Forum, Pakistani business community, Peter Heyward, textile field

Australian High Commissioner to Pakistan Mr. Peter Heyward at the Pakistan Australia Business Forum (PABF) said that the government of Australia intends to facilitate Pakistan by changing its tariff regime by greatly cutting tariffs on the import of Pakistani textiles beginning next year. The maximum tariff to be imposed would be five percent.

This step would also help Pakistan in balancing its trade which is still in favour of Australia