Japan to re-engage interaction to boost bilateral trade

RAWALPINDI - Japanese Economic Consular Takashi Harada has said that his country would assist Pakistan in technical support and reengaging interaction between business communities to boost bilateral trade.
He was expressing these views with Rawalpindi Chamber of Commerce (RCCI) President Mian Humayun Parvez during his visit to RCCI here on Thursday. He was accompanied by Shunichi Amada. Vice president RCCI Muhammad Aqil Obaid, Secretary General Irfan Manan and members of executive committee were also present on the occasion.Takashi said that Japanese companies were already working in health, education, infrastructure and energy sectors and bilateral business ties would be enhanced in the future. There was a huge potential of business and trade in Pakistan due to its geographical location, and with active engagement the traders could access international markets, Afghanistan, Central Asian States, China, India, and Russia and beyond Indian Sea to African countries, he added.
Takashi said that in textile and automobile sectors the bilateral trade volume can be enhanced and Japan was ready to transfer technology to Pakistan. He was of the view that Japan believes in aid for business motto and it will explore more areas for investment in Pakistan, including energy, renewable energy resources, textile, infrastructure, auto parts and consumer goods.
RCCI President Mian Humayun Parvez while expressing his views said that the trade volume between Pakistan and Japan was around $2 billion and it was the need of the hour to take composite measures to boost business activities. “Japan was one of the largest importers of textile and our traders and manufactures can take benefit of this lucrative opportunity”, he said. Japan International Cooperation Agency (JICA) could play an important role to bridge the gap between traders of both countries, he added. He said that RCCI would coordinate with Japan embassy to promote direct interaction between business communities from both sides. This includes, expediting business visa processing, trade delegations, fairs and exhibitions, organising Japan day at chamber and arranging local visits to industrial zones.

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