Investment, Economic, and Industrial Cooperation Opportunities Will Be Utilized – Atif Ikram Sheikh
Karachi ( Web News)
The Pakistan-European Union Business Forum has been established under the auspices of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). FPCCI President Atif Ikram Sheikh stated that the Federation has launched this forum to explore and utilize available opportunities in trade, investment, economic, and industrial cooperation with the European Union (EU), which is one of the world’s most significant regional economic alliances. The first meeting of the forum was held at Federation House, Karachi.
FPCCI President Atif Ikram Sheikh further emphasized that effectively engaging with the EU market and increasing exports can transform Pakistan’s entire economy. Due to geographical compatibility and regulatory alignment, Pakistani products have substantial market potential in various industries and sectors.
Atif Ikram Sheikh highlighted Pakistan’s key exports to the EU, which include textiles and garments, agricultural products, and leather goods, with an annual export value of $10 billion. He stressed the need to diversify Pakistan’s export portfolio to fully leverage the benefits of the GSP+ status granted by the European Union.
The Chairman of the Pak-EU Business Forum, Zubair Baweja, welcomed participants in the inaugural session, stating that the EU is Pakistan’s second-largest trading partner. He added that Pakistan aims to diversify, expand, and enhance value-added exports to EU member states.
Zubair Baweja emphasized that establishing and activating the Pak-EU Business Forum is a crucial step toward strengthening Pakistan-EU trade relations. He further noted that FPCCI looks forward to collaborating with European diplomatic missions, EU trade delegations, and the Pakistani business community to launch a campaign for promoting bilateral economic cooperation and trade.
Additionally, he announced the formation of sector-specific and product-based working groups to provide focused and result-oriented facilities to trade and industry stakeholders.