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Sector-specific efforts could start new era of trade and economic relations between Belgium and Pakistan: Envoy

Lahore, May 29, 2014 (PPI-OT): The Ambassador of Belgium Peter CLAES has said that sector-specific efforts could start a new era of trade and economic relations between the two countries urging the private sector of Belgium and Pakistan to come forward and play a crucial role to this regard.

He expressed these views while talking to the LCCI Vice President Kashif Anwar at the Lahore Chamber of Commerce and Industry here on Thursday. Former LCCI Senior Vice President Malik Tahir Javed, Former Executive Committee Members Rehmatullah Javed, Sheikh Muhammad Ayub, Khamis Saeed Butt, Dr. Shahid Raza and Ghulam Sarwar Malik were also present on the occasion.

Ambassador said that joint ventures and B-2-B contacts could help avail huge potential exists in the both countries. He assured his full cooperation to the Lahore Chamber of Commerce for strengthening the existing business relations between Belgium and Pakistan.

While applauding the efforts of the LCCI for promotion of trade and economic activities, Belgian Ambassador said that exchange of trade delegations, trade fairs and single country exhibitions could play a significant role to achieve the desired goals.

He said that being a hub business activities in European Union, Belgium could offer a lot of business opportunities to the Pakistani entrepreneurs. However, he said, Pakistani exporters have to comply with the high quality standards set by the members states of European Union.

He said that the exchange of trade delegations and trade fairs are the most effective marketing tool in this fast changing global scenario.

Speaking on the occasion, the LCCI Vice President Kashif Anwar said that Pakistan has always given importance to the economic ties with Belgium.

He stressed the need to find ways to enhance the current level of trade through identifying more items of trade. There are better prospects of increasing trade and investment relations on the basis of GSP plus status recently awarded to Pakistan by the European Union Commission.

It is worth mentioning that Belgium comes at 7th place among the top importing countries for Pakistan and at 6th place among the top exporting countries in European Union.

He said that there is a dire need to take sector specific measures to increase the volume of mutual trade.

He said that expertise of Belgium in engineering, automobile sector, chemicals industry, crystal and glass products, electrical and electronic sector is well known around the globe. Therefore, there are good prospects for undertaking joint ventures in Pakistan with the help of Belgian experience and technical knowhow in a number of fields.

He said that the growing importance of Belgium in the wake of its central position and location in the European Union calls for more integrated efforts focusing on exchange of trade delegations, institutional contacts between the Chambers of Commerce, participation in international trade fairs etc.

He said that Pakistani business community is thankful to Belgium for supporting Pakistan to attain GSP plus status.

Major items of exports to Belgium are textiles products, cotton, articles of leather, cereals, sport goods etc. The items that are imported from Belgium include iron and steel, machinery, pharmaceutical products, chemical products, electrical and electronic equipment etc.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
Lahore -54000, Pakistan
Tel: +9242 111 222 499
Fax: +92 42 636 8854

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