Pakistan and the Gulf Cooperation Council agree to enhance trade relations : AsiaNet-Pakistan

Pakistan and the Gulf Cooperation Council agree to enhance trade relations

July 4, 2018 | General Business News | Share:

Islamabad, July 04, 2018 (PPI-OT): The Ambassador of Pakistan to the Kingdom of Saudi Arabia, His Excellency Khan Hasham Bin Saddique, called on the His Excellency Abdul Latif Bin Rashid Al-Zayani, Secretary General of the Gulf Cooperation Council (GCC) at the GCC Secretariat in Riyadh on 2 July 2018, says a press release received from Riyadh here today. Welcoming the Ambassador, the GCC Secretary General acknowledged the importance of Pakistan-GCC relations and expressed his desire to further enhancing GCC-Pakistan trade relations.

The Secretary General also expressed the readiness of the GCC to resume the dialogue with Pakistan for conclusion of the Pak-GCC Free Trade Agreement. The Ambassador of Pakistan briefed the Secretary General of the trade and economic potential of Pakistan, in particular the geographical proximity, Pakistan’s growing role and importance in regional connectivity, as well as the presence of Pakistan’s largest expatriate population in the GCC countries.

He also highlighted the significance of China-Pakistan Economic Corridor, which has further added to the attractiveness of Pakistan’s trade and investment potential. The Ambassador and the GCC Secretary General agreed to undertake mutual efforts in the coming months to enhance Pakistan-GCC ties in all spheres. They especially agreed to enhance their trade ties commensurate with their long-established strategic ties in the region. The GCC Secretary General also expressed his desire to visit Pakistan soon.

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Category: General Business News