MoUs inked to boost regional trade

ISLAMABAD  - The United States demonstrated its support for Pakistan’s economic growth at the Central Asian Business Opportunities Conference held in Islamabad from April 14-16. Significant outcomes of the Conference included the signing of 16 Memorandum of Understandings (MoUs) among Pakistan, Afghanistan and Central Asian businesses to promote regional trade and investment as a means to facilitate regional economic growth. The conference was funded by the US Agency for International Development (USAID) and co-hosted by Pakistan’s Ministry of Commerce and the Rawalpindi Chamber of Commerce and Industry (RCCI).
More than 250 private and public sector participants from Pakistan, Afghanistan, and the Central Asian Republics of Kazakhstan, Kyrgyzstan, Turkmenistan, Tajikistan, and Uzbekistan came together to seek new business opportunities and pursue greater regional coordination of trade and investment. The focus of the Conference was on agricultural products, textiles, leather, pharmaceuticals, and construction. The private sector also announced plans for increased intra-regional participation in trade fairs.

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