French high-powered trade delegation eyes trade and investment opportunities in Pakistan : AsiaNet-Pakistan

French high-powered trade delegation eyes trade and investment opportunities in Pakistan

April 9, 2019 | General Business News | Share:

Lahore, April 09, 2019 (PPI-OT): A 29-member first-ever largest and high powered French delegation visited the Lahore Chamber of Commerce and Industry on Tuesday and expressed deep interest in cooperation and business development. Chairman of the France-Pakistan Business Council and President of Total Global Services Thierry PFLIMLIN was heading the delegation while officials of 20 top French companies, dealing in construction, agriculture and agribusiness, banking, oil and gas industry, urban development, transport, water treatment, energy and IT, were part of the French delegation.

The LCCI Vice President Faheem-ur-Rehman Saigal presided-over the meeting while, French Ambassador in Pakistan Marc Barety, Project Officer for South Asia Ms. Lana RAVEL, Counsellor for Agricultural Affairs, French Embassy Ms. Francoise MOREAU LALANNE, Pakistani Commercial Counsellor in France Dr. Moin-ud-Din Ahmad Wani, former LCCI President Malik Tahir Javed and Executive Committee Members spoke on the occasion.

The French business delegation also had fruitful B2B meeting with their Pakistani counterparts. Head of the French delegation Thierry PFLIMLIN said that French companies are keen to invest and develop businesses in Pakistan as this region is full of potential. He said that main objective of the visit is to explore business, trade and investment opportunities. “Exchange of delegations are a must to strengthen trade and economic relations”, Mr. Thierry PFLIMLIN added.

LCCI Vice President Faheem-ur-Rehman Saigal, while sharing trade figures between Pakistan and France, said that in 2017, the total volume of bilateral trade was dollar 1068 million which fell to dollar 902 million in 2018. The main reason of that decrease was dip in imports from France.

From 2017 to 2018, the exports to France registered an increase of 12% whereas the imports from France went down by 32%. He said that the level of two-way trade should increase while shifting the balance of trade in favour of Pakistan. While stressing the need for further expansion in commercial and economic ties between Pakistan and France, Faheem-ur-Rehman Saigal said that it was necessary that both countries have access to each other’s markets.

He said that major areas where France and Pakistan could work together include telecommunication, automobiles, shipbuilding and automotive parts, defence equipment, oil and gas exploration, infrastructure, textiles, garments, leather products, electrical and electronics appliances, fruits and vegetables, livestock and dairy, fisheries, horticulture, storage facilities for agro-products and cool chains.

Any investment made in Pakistan will find market for its products in Pakistan, Central Asian States and other regional countries. He said that France and Pakistan have a long history of close ties in all fields, whether they are political, economic, cultural or defence. The relations between the two countries have traditionally been excellent and friendly, characterised by a high level of mutual consultations.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854


Category: General Business News