LAHORE – France and Pakistan have a huge scope to expand relations in various sectors of the economy therefore private sector in Pakistan should enhance its interaction with French counterparts.

This was stated by French Commercial Consular Marc Murcia while talking to LCCI President Farooq Iftikhar here on Friday. LCCI Vice President Mian Abuzar Shad, former President Mian Misbahur Rehman, former Senior Vice President Abdul Basit and former Executive Committee Members Dr Shahid Raza and Khawaja Khawar Rashid also spoke on the occasion.

He said that existing trade volume between Pakistan and France is enough to make the point that both sides have multifaceted and strong trade ties. He said a number of French large companies had recognised Pakistan’s potential and are working here. The diplomat said that the purposed of his visit to LCCI is to further strengthen relation between the two countries.

To a question about cumbersome visa procedure, the French Commercial Consular said that embassy would look into the issue and facilitation to the business community is one of the priority areas they are focusing presently.

Speaking on the occasion, LCCI President Farooq Iftikhar said that there is a vast scope of joint venture in the field of pharmaceuticals, food processing, mining, oil and gas. Joint venture opportunities also exist in the field of high technology that includes telecommunication, chemicals and automobiles.

He said French equipment and technologies can smartly help exploit Pakistan’s full potential in agriculture, horticulture, dairy, livestock and food processing sectors.

The LCCI President suggested that it is necessary that both countries have access to each other’s markets to further expand commercial and economic ties. This will definitely lead both sides to a more strengthened and stable economic partnership.

He said that forums like Pakistan France Business Alliance (PFBA) can also play effective role in promoting trade between two countries. He said that LCCI really values to have greater interaction with commercial sections of embassies on regular basis in order to develop close linkages with diplomats.

He said Pakistan and France share cordial diplomatic and economic ties. There have been frequent high-level contacts between the two sides dating back to 60’s.

The French multinationals have been able to find the favourable environment for long-term investment in Pakistan. Brand names like Total, Alcatel and LU etc. have found acceptance in the Pakistani market on the basis of the strength of their products.