A comprehensive agreement has been reached between the Greater Birmingham Chamber of Commerce (GBCC) and the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), aimed at fostering mutual cooperation and enhancing bilateral trade between Pakistan and the United Kingdom.
This landmark agreement underscores the commitment to strengthening commercial and industrial ties between the private sectors of both nations.
In this regard, a Memorandum of Understanding (MoU) was signed between the two bodies. The agreement, which can potentially enhance textile garment exports, was aimed at engaging in conversations and tapping networking opportunities between industry leaders from Pakistan and the UK.
According to the MoU, the GBCC and PRGMEA agreed to build a dependable, pragmatic and advantageous relationship, besides initiating effective and cordial relations between the two associations through increased cooperation among industrialists, businessmen, and entrepreneurs.
Read: Textile exports surge to $1.46b
PRGMEA Central Chairman Mubashar Naseer Butt said that both the organisations agreed to enhance growth and interaction and the memorandum should be favourable for both.
He added that both sides agreed that there should be maximum dissemination of information, which could lead to further promotion of trade and industry and benefit the exporters, industrialists, and entrepreneurs.
Naseer said that both the organisations agreed that the initiative was intended to be a trailblazer and acknowledged the importance of mutual cooperation.
On the occasion, GBCC President Dr Nasir Awan maintained that the Greater Birmingham Chamber worked to connect, support and grow local businesses situated in Birmingham while PRGMEA, which represented the manufacturers and exporters in Pakistan’s readymade garments industry, desired to become a partner and extend all support, cooperation, and assistance.
Both organisations agreed on the importance of developing concrete proposals and recommendations to advance trading and industrial activities in their respective countries. They committed to safeguarding investments and promoting bilateral activities among their members.
Published in The Express Tribune, March 9th, 2024.
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