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FCCI urges govt to enhance bilateral trade volume with UK

FCCI urges govt to enhance bilateral trade volume with UK

FAISALABAD. Engineer Muhammad Saeed Sheikh President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the scheduled visit of British Trade Minister and urged upon all related ministries particularly commerce ministry to immediately consult Federation of Pakistan Chambers of Commerce & Industry (FPCCI) and all other leading chambers including FCCI to evolve a comprehensive dialogue strategy to enhance volume of bilateral trade between the two countries.

He told that British High Commissioner Thomas Drew has disclosed that British State Minister is visiting Pakistan during next week. He said that Pakistan should take appropriate steps to en-cash from this visit by getting maximum dividend.

He said that UK was one of the major and most important countries of the European Union (EU) and new situation after parting its ways from EU will create multiple GSP-Plus related problems for Pakistan. Hence, Pakistani government should take immediate steps to overcome the emerging challenges after Brexit.

He said that no doubt at that moment the balance of trade is in the favor of Pakistan but we must convince British Trade Minister to incentivize and provide maximum facilities to the UK companies to invest under the CPEC related opportunities. It will not only help the British investors to earn the sizable profits but it will also have positive impact on the economy of Pakistan. He said that the real and core issue is in-time decision making for which we should adopt a clear and proactive policy before the arrival of British Trade Minister. He said that the British Trade Minister is visibly coming with his own specific agenda and certainly he will utilize all available diplomatic resources to achieve his objectives. Similarly we should also try our best to create a win-win situation for the both countries and in this connection the Commerce Ministry should immediately initiate a series of negotiation with the Pakistan Businessmen dealing with the British and other EU countries. He said that we should try our best to increase the bilateral trade volume up to 3 billion Dollars as it will help Pakistan to stabilize its economy on strong and sustainable footings.

Earlier, President FCCI Engineer Muhammad Saeed Sheikh also inaugurated a photo exhibition. It was organized to mark the 70th anniversary of UK-Pakistan relations.