LAHORE: Three leading associations of Pakistan, China and India signedMemoranda of Understanding (MoU) for enhancing bilateral trade, disputeresolution and exchange of technology in chemicals and dyes industry at theconcluding day of two-day 4th Colour and Chem Expo 2018 at the Johar TownExpo Center on Sunday.
More than 130 local and foreign companies displayed their products toattract manufacturers, dealers, traders and industry people.
The companies from Pakistan, China, India, Taiwan, Turkey, Germany, UAE andUK displayed products and accessories involving dyes, chemicals & alliedindustry.
The Expo was organized by the Event and Conference International (Pvt) Ltdhaving international partners China Dyestuff Industry Association (CDIA),the Gujrat Dyestuff Manufacturers Association (GDMA) and BRAGG ExpoShanghai Co. Ltd.
The event was supported by the Federation of Pakistan Chambers of Commerce& Industry (FPCCI), Lahore Chamber of Commerce & Industry (LCCI) and PunjabDyes & Chemicals Merchants Association (PDCMA).
Mr Jimmy Wang of the China Dyestuff Industry Association, Mr Yogesh DParikh, the President of the Gujarat Dyestuff Manufacturers AssociationIndia, and Abdul Rahim Chughtai, the ex-chairman of the Pakistan Dyes andChemicals Merchants Association & sitting President of the Punjab Dyes &Chemicals Merchants Association signed the MoU on behalf of theirrespective bodies.
Mr Parikh told reporters that the MoU signed with Pakistani associationwould further enhance the exchange of visits and business volumes betweenIndia and Pakistan.
Mr. Chughtai added his input by saying such exhibitions increase mutualvisits, strike joint ventures and help explore business opportunities.
He said in the result of MoU with Indian association, more and more Indianbusiness people would be visiting next colours and chemicals expo in 2019.
He further said another MoU was signed to resolve disputes of traders aboutquality and prices of products, adding the dispute resolution committeescomprising five members each from India and Pakistan would jointly work inthis regards.
He said the same MoUs have been signed with Chinese association whorepresented companies in the concluding expo.
Mr. Wang said they are delighted to visit Pakistan this time and theChinese companies expected more and more business ventures.
He said his many Chinese business counterparts expressed their desire tovisit Pakistan next year for more cooperation between the two sides andmore success in business deals.
Director Event and Conference International Rashiul Haq announced to holdthe fifth such expo on March 9-10, 2019.
Meanwhile, a large number of industry people, traders and dealers visitedthe expo on the last day. – Agencies