Pak-ja­pan to en­hance bi­lat­eral trade ties

The Pak Banker - - Front Page -

IS­LAM­ABAD

Pak­istan-Ja­pan pri­vate sec­tor should come for­ward and play their vi­tal role for en­hanc­ing trade and eco­nomic re­la­tions be­tween two coun­tries as level of over­all trade be­tween the two coun­tries is much less than the de­sired po­ten­tial.

Far­rukh Amil, Pak­istan's Am­bas­sador-des­ig­nate to Ja­pan said while vis­it­ing Is­lam­abad Cham­ber of Com­merce and In­dus­try (ICCI) to dis­cuss bi­lat­eral re­la­tion be­tween Pak­istan and Ja­pan be­fore his de­par­ture to Ja­pan.

He said that Pak­istan be­ing the agrar­ian coun­try, needs to uti­lize its full po­ten­tial in the agri­cul­ture sec­tor by adopt­ing mod­ern farm­ing tech­niques which would in­crease per yield pro­duc­tion of agro- prod­ucts.

Far­rukh Amil said that Pak­istan has great po­ten­tial for the ex­ports of fruits and veg­eta­bles in the in­ter­na­tional mar­ket and stressed that rel­e­vant de­part­ments should reg­u­larly or­ga­nize pro­grams invit­ing the rep­re­sen­ta­tives from whole­sale fruit and veg­etable mar­ket to give them train­ing on pack­ag­ing and in­ter­na­tional mar­ket­ing.

In his wel­come ad­dress, Mr.Za­far Bakhtawari, Pres­i­dent ICCI con­grat­u­lated the Am­bas­sador des­ig­nate on his ap­point­ment and said that Pak­istan-Ja­pan trade re­la­tions could be en­hanced and strength­ened through joint ven­tures, tech­nol­ogy trans­fer, and in­vest­ment co­op­er­a­tion.

ICCI Pres­i­dent also im­pressed upon the need that Pak­istani em­bassies in all around the world should adopt friendly-visa po­lices which would ul­ti­mately at­tract more for­eign in­vestors and busi­ness­men to visit Pak­istan and in­vest in the ar­eas of their in­ter­est.

Mr.Bakhtawari was of the view that there is dire need to en­hance di­rect link­ages be­tween the both coun­tries through di­rect flights which would stim­u­late mu­tual re­la­tions. He said that PIA has been fac­ing huge losses for last many years as it had lost sev­eral des­ti­na­tions due to tight-visa poli­cies. He said that Pak­istan is a re­source rich coun­try, but lacks tech­nol­ogy and ex­per­tise; whereas Ja­pan is a re­source scarce coun­try, but it is tech­no­log­i­cally ad­vanced, thus, Pak­istan and Ja­pan could ben­e­fit a lot with mu­tual co­op­er­a­tion in ar­eas like en­ergy, min­ing, agri­cul­ture, trade and in­vest­ment.

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