Businessmen asked to enhance trade with Germany

Official says maximum benefit should be gained from GSP Plus

ISLAMABAD: The German-Pakistan Chamber of Commerce and Industry (GPCCI) in collaboration with the embassy of Germany, GIZ and KfW held an awareness session for the business community on bilateral trade between Germany and Pakistan.



Speaking on the occasion, GPCCI Islamabad Region President Pervaiz Akhtar said that the volume of trade between the two countries stood at $2.2 billion in 2016, which did not fully reflect the true potential and urged businessmen to work towards improving the figure.

Addressing the seminar, German Embassy Head of Economic Section Martin Herzer highlighted that GSP Plus had been the key driver of bilateral trade.

He said that the German government would like Pakistan to make better use of the opportunities provided by the GSP Plus, adding that they wanted to see more German firms invest in Pakistan. GIZ Country Director Dr Julie Reviere said Germany was helping Pakistan improve labour standards, so that companies could have a competitive edge in European markets.



During the question and answer session, GPCCI Vice President Habil Ahmed Khan briefed the audience on the collaboration between Pakistan and Germany for the development of renewable energy projects in the country.

At the conclusion of the session, GPCCI Senior Vice President Waseem Rafi reiterated the need to expand bilateral trade between the two countries.

He called for doing additional work by both the countries in the field of information technology and innovation.

Published in The Express Tribune, August 10^th, 2017.

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