LCCI, Stockholm Chamber of Commerce ink deal to enhance trade
LAHORE: The Lahore Chamber of Commerce and Industry on Tuesday signed an agreement of cooperation with Stockholm Chamber of Commerce by virtue of which both the organizations would be paving the way for more business between Pakistan and Sweden by bringing the trade opportunities to the limelight.
The LCCI President Shahzad Ali Malik inked the Agreement of Cooperation on behalf of the Lahore Chamber of Commerce and Industry while Ms Charlotte Kalin, the Vice President, represented the Stockholm Chamber of Commerce. Mr Fredrik Fexe, Vice President Swedish Trade Council and Chief Executive Officer of Punjab Board of Investment and Trade (PBIT) Saadat Muzaffar also spoke on the occasion.
LCCI Senior Vice President Sheikh Mohammad Arshad, Vice President Sohail Azhar, Secretary Commerce Fazl Abbas Maken, Former LCCI President Mian Misbahur Rehman, Former Senior Vice President Ejaz Mumtaz were prominent among others who attended the meeting. Speaking on the occasion, Mr Fredrik Fexe, Vice President Swedish Trade Council, said that Pakistan was one of the most interesting places to do business. It has huge opportunities for Swedish companies in Telecom, Energy, Textiles, Healthcare, Construction equipment and Education sectors.
He said that Sweden for being an important member of European Union has a huge untapped potential and the Pakistani businessmen should come forward to avail these opportunities.
The head of the Swedish delegation said that there is a dire need to develop a close liaison between private sectors of Pakistan and Sweden for exchange of information and market research.
Mr Fredrik Fexe said that both the countries need to identify more tradable products to enhance their mutual trade.
He said that Pakistani business community would have to adopt an aggressive strategy to enter into Swedish Market because Swedes are not only the quality conscious but very selective and careful while making deals with other countries.
In his deliberations, Mr. Fredrik appreciated the role of Embassy of Pakistan in Sweden, particularly Mr. Javed Akbar Bhatti, Commercial Counsellor in trade promotion between the two countries through sheer dedication.
Speaking on the occasion, the LCCI President Shahzad Ali Malik said that Pakistan was in dire need of Sweden support to cease the declining trend in bilateral trade. He said that the bilateral trade situation could be turned around if Sweden imports more goods from Pakistan to create a winwin situation for both the countries. "We would expect that Sweden whose agriculture sector holds just 1.1% share in the structure of the economy, may consider increasing its imports from Pakistan particularly adding up our agro products like citrus, mango & rice etc.
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