ISLAMABAD: Ambassador of Belgium to Pakistan Philippe Bronchain has saidthat his country was interested in making investments in Pakistan, as itwas a potential country for business and investment activities.
The Belgian ambassador said during while addressing the business communityat the Islamabad Chamber of Commerce & Industry (ICCI) on Tuesday.
Philippe Bronchain discussed various prospects to enhance bilateral trade,investment and joint ventures between Belgium and Pakistan. He said that hewould play a constructive role in building a strong image of Pakistan inhis country.
In his address, Embassy of Belgium Trade Commissioner Abid Husain said thatPakistan was mostly exporting textiles products and some raw materials toBelgium. However, he added, Pakistan needed to invest in technology inorder to produce value-added products that would increase its footprint inforeign markets.
“This will also help Pakistan to fully capitalise on the GSP-Plusconcession offered by the EU.”
Read Top Stories
He said that Pakistani diaspora in Belgium could play a leading role inupscaling bilateral trade ties between the two countries.
Speaking at the occasion, ICCI President Muhammad Ahmed Waheed said thatBelgium was one of Pakistan’s important trading partners within theEuropean Union, however, the bilateral trade volume between the twocountries was still below $1 billion despite the fact that both countrieshave the potential to promote trade in many areas.
He briefed the Belgium ambassador about the potential opportunities for JVsand investment in Pakistan.
