Karachi, February 18, 2020 (PPI-OT):H.E. Mr. Toshikazu Isomura, Japan’s Consul General, has called for making further strengthening of bilateral trade relations between Japan and Pakistan, said that the both countries’ traders should interact with each other and find new ways of trade instead of traditional sectors. So as to promote bilateral trade between Japan and Pakistan. While addressing a meeting at Pakistan Chemicals and Dyes Merchants Association (PCDMA), he assured PCDMA members of the issuance of visas on a priority basis, adding that commercial importers will also be considered for multiple visa, but cannot be given assurance.
On this occasion, Mr. Amin Yousuf Balgamwala, chairman PCDMA and former director Karachi Stock Exchange, Mr. Asif Ibrahim, VP, Mr. Arif Balgamwala and Chaudhry Naseer were also present. Japanese envoy said that there are 5,000 Japanese companies operating in Thailand and 20,000 Japanese companies in China. In contrast, only 85 companies are working in Pakistan which needs to be increased by attractive policies. He also emphasized the need for business-to-business meetings, exchanging trade delegations between Japan and Pakistan.
Mr. Amin Yousuf Balgamwala, chairman PCDMA and former director Karachi Stock Exchange welcomed the Japanese Consul General, said that in the past, imports of chemicals and dyes from Japan were higher for Pakistan, which is now being restricted, so needs to be reviewed.
“Japan imports $ 25 billion worth of textile products from all over the world, so Japan should import textile products from Pakistan. Likewise, promote bilateral trade in seafood, surgical instruments and tourism sectors. There is huge potential to give” he added. Amin Yousuf Balgamwala point out that the reason of reduction of export for japan is to increase in tariff to 8 to 10 percent.
Chairman PCDMA emphasizing the free trade agreement and invited Japanese businessman to set up chemicals and dyes manufacturing units in Pakistan and said that the textile sector, which is the backbone of Pakistan’s economy, has a lot of demand and without this we could not run the textile industry. In this regard, review the joint ventures that will be of benefit to the economies of Pakistan and Japan.
For more information, contact:
Pakistan Chemicals and Dyes Merchants Association (PCDMA)
Chemical and Dye House, Rambharti Street,
Jodia Bazaar, Karachi-74000
Tel: +92-21-32432752, +92-21-32439124
Category: General Business News