Japan to assist Pakistan in enhancement of trade

RAWALPINDI: Japanese Economic Counsellor Takashi Harada said on Thursday that his country would assist Pakistan in technical support and would re-engage interactions between the business communities of both countries to boost bilateral trade. He expressed these views in a meeting with Rawalpindi Chamber of Commerce (RCCI) President Mian Humayun Parvez during his visit to the chamber. RCCI Vice president Muhammad Aqil Obaid, Secretary General Irfan Manan and executive committee members were also present on the occasion. Takashi said the Japanese companies are already working in health, education, infrastructure and energy sectors and bilateral business ties would be enhanced in the future. There is a huge potential of business and trade in Pakistan due to its geographical location, and with active engagement, the traders can access international markets like Afghanistan, Central Asian states, China, India, Russia and beyond the Indian Sea to African countries, he added. Takashi said that in textile and automobile sectors, the bilateral trade volume can be enhanced and Japan is ready to transfer technology to Pakistan. He was of the view that Japan believes in aid for business motto and it would explore more areas for investment in Pakistan, including energy, renewable 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 is around $2 billion and it is the need of the hour to take composite measures to boost business activities. “Japan is 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) can play an important role to bridge the gaps between traders of both countries, he added. He said that RCCI would coordinate with the Japanese Embassy to promote direct interaction between business communities of both sides. “This includes, expediting business visa processing, trade delegations, fairs and exhibitions, organising Japan day at the chamber and arranging local visits to industrial zones,” he added.

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