Pakistan and Czech Republic have trade and economic cooperation in
various fields, which could be further strengthened to its true potential by
improving investment and business relations between two countries.
Ambassador of Czech
Republic in Pakistan, Miroslav Krenek made these remarks during a meeting with
Mr.Zafar Bakhtawari, President Islamabad Chamber of Commerce & Industry
(ICCI). He said that direct interaction between the business communities of
both countries would enable them to better understand and realize the
opportunities and prospects for cooperation in various fields.
The Ambassador also
informed the meeting about Export Bank of Czech Republic which is supporting
Czech exports as its
principal goal is not to generate maximum profits, but a maximum volume of
state-supported export. He said that the strong
point of the Czech Republic is particularly the production of technologically
sophisticated goods, such as communication devices, electronic products and a
wide range of private and public vehicles.
He
acknowledged the fact that both the countries had greater potential in the
field of defense production which needed to be explored for the mutual benefits
of the two sides. The Ambassador further said that cooperation should also be increased in the area
of military training and exchange of military delegations.
In
his welcome address, Mr.Zafar Bakhtawari, President ICCI said that today Pakistan’s
major issue was energy deficit as our economy was facing huge setbacks because
of energy crisis, therefore our country needs Czech Republic technical
assistance and investment in energy sector. He said that it is very encouraging
that Sindh Government has signed a MoU with WIKOV Wind A.S, a Czech Republic
company for the power generation of 50MW at coastal belt of the province.
ICCI
President has shown interest in signing MoU with Prague chamber of Commerce and
Industry aimed at promoting trade and commerce between the two countries, so
that in long-run both the chambers could exchange information on economic and
commercial matters and identify possible joint venture partners in their
respective countries.
Mr.Bakhtawari
termed the annual trade volume between Pakistan and Czech Republic very low and
said that both the countries should take
steps to boost up bilateral trade relations through more frequent
exchange of visits by business delegations and setting up of joint ventures.
ICCI President also informed the Ambassador that ICCI
have planned to host a meeting of all the Capital Chambers Conference in
Islamabad with the aim to promote mutually beneficial relation between Pakistan and other countries.
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