Ambassador of Belgium Philippe Bronchain on Tuesday visited Islamabad Chamber of Commerce & Business (ICCI). Throughout his go to to ICCI, he was alongside together with his Commerce Commissioner Abid Husain.
Addressing the enterprise group, the ambassador stated that his nation was all in favour of making funding in Pakistan because it was a possible nation for enterprise and funding actions.
He mentioned varied prospects for additional enhancing bilateral commerce, funding and JVs between Belgium and Pakistan. He stated that he would play position to construct a powerful picture of Pakistan in his nation.
Abid Husain, Commerce Commissioner, Embassy of Belgium stated that Pakistan was largely exporting textiles merchandise and a few uncooked supplies to Belgium. Nevertheless, he stated that Pakistan wanted to put money into expertise for producing worth added merchandise that may improve its footprint in international markets. He stated it could additionally assist Pakistan to totally capitalize on the GSP Plus concession of EU so as to improve its exports.
He stated that Pakistani diaspora in Belgium might play position for up scaling bilateral commerce ties between the 2 international locations. Talking on the event, Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce & Business stated that Belgium was one among Pakistan’s essential buying and selling companions inside the European Union, nevertheless, the bilateral commerce quantity between Pakistan and Belgium was nonetheless under USD 1 billion even though each international locations have the potential to advertise commerce in lots of areas.
He briefed the Belgium Ambassador in regards to the potential alternatives for JVs and funding in Pakistan. He stated that Turkey, Germany, UK and lots of different international locations had been taking eager curiosity in CPEC and burdened that Belgium’s buyers ought to carry expertise to setup JVs in Pakistan.
Muhammad Ahmed Waheed stated that Pakistan and Belgium had been doing commerce in restricted objects, which was the principle purpose of low commerce quantity and burdened that each international locations ought to deal with diversification of commerce to attain higher outcomes.
He stated that geographical positions of Pakistan and Belgium supplied the entrepreneurs of each international locations distinctive alternatives for getting enhanced market entry of their respective areas, which could possibly be exploited by creating robust enterprise linkages between non-public sectors of each international locations. He stated that Embassy of Belgium ought to share checklist of its high 10 imports in order that Pakistani exporters might make efforts to fulfill its imports wants.
Malik Sohail Hussain, Faad Waheed, M. Aslam Khokhar, Mian Arif Hussain and others additionally spoke on the event and gave solutions for additional bettering bilateral commerce and financial relations between Pakistan and Belgium.