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Haroon Agar urges Regional Director External Trade Agency of France to invite new French investors to invest in Pakistan

Karachi, April 09, 2013 (PPI-OT): Karachi Chamber of Commerce and Industry’s President Muhammad Haroon Agar urged Regional Director of the External Trade Agency of France (South Asia) Pierre Lignot to invite new French investors to invest in Pakistan. Exchanging views with New Delhi based Head of French Trade Commission during his visit to KCCI, he stated that many French companies were enjoying profitable business in Pakistan.

He stated that Pakistan and France have about $1.3 Billion bilateral trade volume. Pakistan has surplus in Trades. For last 63 years, a close relationship in trade, diplomatic affairs, education and investment is witnessed. The France Pakistan relations are historically bonded and friendly based on military, defence, cultural, educational cooperation and economic ties.

Trade between the two countries is generally increasing with time. Pakistan and France Commission is established in order to boost the bilateral trade between two countries. In the year 2012, Pakistan exported worth $ 441.1508 Mn commodities to France while imports from France to Pakistan stood at $ 468.2076 Mn. In August 2010, France and Pakistan agreed to set up a joint commission to undertake cooperative projects in food and agriculture, economic development, security and medical training. Recently, Pakistan and France have signed an agreement on economic and commercial relationship.

This Joint Declaration on Economic and Commercial Partnership was signed by Minister of Foreign Affairs, Hina Rabbani Khar on behalf of Government of Pakistan and Minister of State for External Trade, Mr Pierre Lellouche, on behalf of Government of France. Under this declaration, both the countries try to develop a framework of closer economic cooperation, enhancing trade and investment links in order to strengthen the mutual relationship between two countries.

France is also trying to overcome the current energy crisis faced by Pakistan through AFD (Agence francaise de development). France is one of the main suppliers of defence equipment. France and Pakistan can cooperate for the establishing industries for defence production and can transfer technology for this purpose to Pakistan.

France is a good market for Pakistani textile products especially readymade garments, bed wear and knitwear. He added that although Pakistan is 65th in the hierarchy of trading partners of France, he was hopeful that after attainment of GSP Plus, Pakistan’s trade with France will make a quantum leap.

Moreover, he also invited French Exhibitors, through French External Trade Agency, to participate in KCCI 10th My-Karachi, Oasis of Harmony Exhibition scheduled to be held in July 2013 which is a showcase and B2B and B2C platform where local and foreign exhibitors participate. An International Pavilion is planned for foreign exhibitors this year too.

Regional Director of the External Trade Agency of France (South Asia) Pierre Lignot recognized the role of Karachi Chamber of Commerce and Industry in promotion of trade and industry and socio-economic development of Pakistan. He apprised that he is working as Head of French External Trade Agency for South Asia based in New Delhi.

The French Trade Commission was engaged in the external affairs of France with India, Pakistan, Sri Lanka and Bangladesh. The key mission is to promote trade relations between France with South Asian countries.

The Trade Commission assist French-based companies seeking potential partners in the regional markets of South Asia. He stated that the French Trade Commission can assist in bridging French companies based in India with Pakistani companies. Customized services can be provided to interested KCCI’s members for match-making with French companies, he added.

Hidayat Hussain, Business Support Officer, Pakistan France Business Alliance, Shamim Firpo, Senior Vice President KCCI, and Managing Committee Members of KCCI also participated in the meeting.

For more information, contact:
M. Shafiq Baig
Public Relations Officer
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road,
Shahrah-e-Liaquat, Karachi-74000
Tel: +9221 9921 8001 -09
Fax: +9221 9921 8010
Email: pro@kcci.com.pk, pro2@kcci.com.pk
Website: http://www.kcci.com.pk/

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