Di­plo­mats role crit­i­cal to ex­pe­dite ex­ports

The Pak Banker - - NATIONAL -

Di­plo­mats would have to take con­crete and re­sult-ori­ented ef­forts to ex­pe­dite ex­ports of the coun­try so that Pak­istan could get max­i­mum share in the in­ter­na­tional mar­ket.

"Role of di­plo­mats is crit­i­cal for pro­mo­tion of ex­ter­nal trade as they are the peo­ple who have enough knowl­edge to por­tray eco­nomic po­ten­tials of any coun­try to the outer world and pave way for for­eign in­vest­ments." This was stated by the LCCI Se­nior Vice Pres­i­dent Al­mas Hy­der while talk­ing to a 41-mem­ber del­e­ga­tion of Trade Of­fi­cers, be­ing posted abroad, here at the La­hore Cham­ber of Com­merce & In­dus­try. The LCCI Vice Pres­i­dent Nasir Saeed and Ex­ec­u­tive Com­mit­tee Mem­bers were also present on the oc­ca­sion.

The LCCI Se­nior Vice Pres­i­dent said that for­eign di­plo­mats could play an ef­fec­tive role for the pro­mo­tion of trade re­la­tions and they should adopt in­no­va­tive strate­gies to cope with the emerg­ing global chal­lenges. He said that the pri­mary ob­jec­tive of La­hore Cham­ber of Com­merce and In­dus­try is to pro­tect and pro­mote the in­ter­ests of the busi­ness com­mu­nity and it acts as a bridge be­tween the govern­ment and the busi­ness com­mu­nity.

He said that in the de­vel­op­ing trade sce­nario, it is nec­es­sary that the de­vel­op­ing economies en­hance trade amongst them­selves. There is a need to pri­or­i­tize South-South part­ner­ship. That can ei­ther be in the form of re­gional blocs or through bi­lat­eral co­op­er­a­tion. Pak­istan has a spe­cific im­por­tance due to its lo­ca­tion. He said that China Pak­istan Eco­nomic Cor­ri­dor is go­ing to give a jump­start to the trade of Cen­tral Asian States in the re­gional con­text and world­wide. Th­ese land locked coun­tries would be eas­ily ac­ces­si­ble to the Afro-Asian coun­tries.

Al­mas Hy­der said that it is nec­es­sary that the de­vel­op­ing economies should en­hance trade amongst them­selves. There is a need to pri­or­i­tize Afro-Asian part­ner­ship. The LCCI Vice Pres­i­dent Nasir Saeed said that the pri­mary ob­jec­tive of La­hore Cham­ber of Com­merce and In­dus­try is to pro­tect and pro­mote the in­ter­ests of the busi­ness com­mu­nity and it acts as a bridge be­tween the govern­ment and the busi­ness com­mu­nity.

He said that said that Africa still re­mains an un­ex­plored ter­ri­tory from Pak­istan's stand­point. He urged the trainee di­plo­mats to iden­tify trad­able items, which leave a lot of room for prod­uct/mar­ket di­ver­si­fi­ca­tion. The ba­sics for such ex­er­cises stem in the ex­change of in­for­ma­tion be­tween the diplo­matic mis­sions and the Cham­bers. He said the di­plo­mats should also pro­mote in­vest­ment and trade be­tween the states. He said that build­ing longterm eco­nomic ties are the best guar­an­tee of peace in this world and the di­plo­mats has a key role in this re­gard.

He said the La­hore Cham­ber is act­ing as an ef­fec­tive voice of busi­ness com­mu­nity in pol­icy cor­ri­dors and it also is­sues cer­tifi­cate of ori­gin, visa rec­om­menda­tory let­ters and th­ese ser­vices help the busi­ness com­mu­nity save much of their valu­able time.

Head of the del­e­ga­tion and Di­rec­tor Gen­eral Pak­istan In­sti­tute of Trade & De­vel­op­ment Azher Ali Choudhry spoke about the im­por­tance of the pri­vate sec­tor for the eco­nomic turn­around of the coun­try while the vis­it­ing di­plo­mats also asked a num­ber of ques­tion rang­ing from eco­nomic sit­u­a­tion of the coun­try to the LCCI role.

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