Published On: Thu, Nov 8th, 2018
Published in Category: Lahore

Pakistani businessmen should take advantage of Belgium’s experience: Diplomat

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Lahore: Belgian Ambassador Frederic Verheyden has urged Pakistani businessmen to avail expertise of Belgium in various sectors.

He was speaking to the business community at Lahore Chamber of Commerce & Industry here on Wednesday..

The Ambassador said that both countries should identify more areas for cooperation and should also introduce more tradable items to enhance mutual trade volume. He said that Belgian companies have shown keen interest in Pakistani market. He urged the Pakistani businessmen to start joint ventures with their Belgian counterparts. He said that Pakistan should take full advantage of best geographical position of Belgium in European Union. He said there should be more interaction between the business communities of the two countries to enhance trade and economic cooperation. He said that Pakistan is the beneficiary of GSP Plus Status. Implementation of all conventions under GSP Plus Status will help Pakistani businessmen to avail trade opportunities in Belgium.

CEO Wallonia Export & Investment Agency Mrs. Pascale Delcomminette gave a detailed overview of Belgian economy saying that Belgium is enjoying great importance as it is geographical center of European Union. She said that its productivity is highest in the world, export-to-GDP ratio is 85% and foreign trade has played a vital role in economic progress of Belgium. She said that Belgium is fifth largest trade partner of Pakistan in European Union and its companies have keen interest in making mutual trade ties more stronger.

The LCCI President Almas Hyder said that Belgium is first country of the world that which went through industrial revolution. He said that Pakistan has sixth largest population in the world and a big market for Belgian business community. He said that there are numbers of investment opportunities in almost all the sectors of Pakistan economy.

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