North Korea: Envoy for strengthening economic ties

"Business communities of both countries have to play a vital role for promotion of bilateral," says Ro Kyong Chol.

ISLAMABAD: Pakistan has great diplomatic and economic relations with North Korea but bilateral trade is still below potential and both countries should work closely to explore untapped areas. North Korean Ambassador Ro Kyong Chol made these remarks while talking to Islamabad Chamber of Commerce and Industry (ICCI) President Yassar Sakhi Butt during his visit. He exchanged views on common interests and agreed to strengthen economic relations between the two countries. He informed that North Korea had abundance of natural resources like coal, limonite, steel, graphite and lead. He said that North Korea had the largest open-air iron mine and offered lucrative incentives to foreign investors. The envoy said that the business communities of Pakistan and North Korea have to play a vital role for promotion of bilateral trade and their greater mutual interaction is needed to achieve the ultimate objectives.

Published in The Express Tribune, September 19^th, 2012.