Islamabad, May 06, 2014 (PPI-OT): Federal minister for Commerce Engr. Khurram Dastgir Khan has reached Warsaw, the capital of Poland to attend the meeting of European Economic Congress and Pakistan-Central Europe Economic Cooperation Forum to be held on 7-8 May 2014. A delegation of Pakistani businessmen lead by President of Federation of Pakistan Chambers of Commerce and Industry Zakria Usman is also accompanying the minister.
The Polish Government for the first time has organized Pakistan-Central Europe Economic Cooperation Forum 2014. Pakistan is the second country after China from Asia which has been invited to hold single country Forum during the European Economic Congress.
During his meetings the Minister will ask the Polish Government to make the Economic Forum a regular annual feature. China is holding third Economic Forum, similarly African countries are holding Second Forum this year as part of the Congress.
The meeting will discuss prospects to enhance trade and investment between Pakistan and Poland and with other countries of Eastern and Central Europe. Besides holding negotiations at the governmental level between Pakistan and Poland, the delegation will hold business-to business meetings which will help cement more productive economic ties between the two countries.
The minister will assure full support from Government of Pakistan to encourage Polish companies to invest in Pakistan; Polish companies have already invested in oil and gas sector in Pakistan. (Polish Oil and Gas Company, Geofizyka Krakow and Exalo Drilling are working in Pakistan with total investment of US $7.5 million).
Textile, surgical goods and sports goods companies from Pakistan have opened up offices in Poland and Government of Pakistan is encouraging Pakistani entrepreneurs to use Poland as regional hub for European market and set up offices in Poland, which will create jobs and bring investment in Poland.
Government of Pakistan will extend full facilitation to the companies from Europe who intends to benefit from the reduced prices of export goods from Pakistan under the GSP Plus scheme. Pakistan’s bilateral trade with Poland increased 216% since 2004 (US $ 99.37 million) and it stood at US $ 314 million in 2013 which shows deepening of economic ties between the two countries.
The Minister will also thank the Polish Government and Polish Members of European Parliament for supporting Pakistan’s case for GSP Plus in the final stages of achieving those trade incentives, which was approved by the European Parliament in 2013.
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