Business

Indo-Pak traders keen to see India as routine trade partner

December 06, 2014 11:35 AM

AMRITSAR:  5 PHD Chamber of Commerce and Industry and Lahore Chamber of Commerce and Industry, concluded the B2B interactions between Indian Chambers of Commerce and Industry and Pakistan Chambers of Commerce and Industry on a positive note and agreed to join hands and submit representations to the respective governments for strengthening trade in the region.


Vice- President and leader of the delegation from Lahore chamber of Commerce & Industry Syed Mahmood Ghaznavi, stressed that both the governments should sit together and resolve the issues and such arrangements should be made that the political pressures do not affect the trade of the region.

Ghaznavi said both India and Pakistan traders are keen to start new trade regime and minimize non-tariff barriers.

Ghaznavi who was leading a trade delegation from Pakistan was addressing an interactive B2B meet between the Chambers of India and Chambers of Pakistan, organized by PHD Chamber of Commerce and Industry here today.

“The first and foremost purpose of organizing such events is to facilitate more and more interaction between the industry and trading counterparts of the participating countries”, said R S Sachdeva, co- chairman, Punjab Committee, PHD Chamber of Commerce and Industry.

“We appreciate and acknowledge the warm response from the industry and trading community in Pakistan”, said Sachdeva, Delegates from Lahore Chamber of Commerce and Industry, Sargodha Chamber of Commerce and Industry, and Jehlum Chamber of Commerce and Industry were present on the occasion.


“Only peace could bring about a positive change in the lives of South Asians. The obvious impediments in the way of prosperity and progress of the region need to be done away with”, said Ammar Atta Bajwa, President, Sargodha Chamber of Commerce & Industry. Mirza Fazal-ur-Rehman, President, Jhelum Chamber Commerce & Industry was also present on the occasion.



Dalip Sharma, Director, PHD Chamber said that both the nations enjoy cultural, social and economic similarities apart from geographical proximity, which can go a long way in strengthening our bi-lateral economic ties. He said that the need was to reduce the trust deficit between the people of India and Pakistan.

The diverse and vibrant consumer markets in both the countries offer immense opportunities for business, which would generate employment opportunities and give a push to the growth index. He expressed the need to explore partnerships in SME sector and services sector, he added.

Industry delegates said, “People to people contacts between India and Pakistan should be encouraged at all levels and visa restrictions should be relaxed to ease the movement of the trading community.”

The delegation included representation from textiles, fabrics, gems and jewellery, commercial banking, services sector, among others. Many important issues including the need for a better mobile connectivity to improve communication for business and trade, opening up of banks in each other’s countries, availability of information about standards/certification requirements and formalities for opening offices and trading houses in India were discussed.

 
Have something to say? Post your comment
Copyright © 2013 Punjab News Time All rights reserved. Terms & Conditions Privacy Policy