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Pak, Taiwan businessmen vow to take up visa issues.

LAHORE -- Private sectors in Pakistan and Taiwan Tuesday resolved to talk to their respective governments for expeditious issuance of visa to businessmen as delay to this regard is hitting hard the trade and economic relations between the two countries.

This was pledged during a visit of twenty-member Taiwan business delegation jointly led by Chien-Nan Kuo and Muhammad Mujahid to Lahore Chamber of Commerce and Industry.

The LCCI President Engineer Sohail Lashari highlighted the potential trade and investment sectors, while the VP Kashif Anwar also spoke on the occasion.

Both the sides also agreed to identify irritants to free flow of goods and expedite dissemination of trade related information to increase bilateral trade.

The delegation head said the Taiwanese businessmen were keen to do business with their Pakistani counterparts as the country was fast emerging as good business destination. Another Taiwan business delegation would be visiting Pakistan in September 2014 to have firsthand knowledge about available business opportunities, he added.

Chien-Nan Kuo said, Pakistan was resourceful and had all ingredients to become economic giant, as its strategic location was an added attraction for foreign businessmen.

While, the LCCI President Engineer Sohail Lashari said, the existing two-way business was far below the respective potential of both the countries. The LCCI, he said, would also plan a delegation to Taiwan in coming months to pave the way for joint ventures.

He said that a large number of foreign investors were showing their interest in new ventures in Pakistan only because of business-friendly policies of the present government.

Any investment made in Pakistan was bound to win consumers in the landlocked Central Asian states, therefore Taiwanese business community should come forward and join hands with Pakistani businessmen, he added.

He said that Taiwan had earned good reputation world over for producing quality products, therefore the sharing of knowledge could be of great benefit to Pakistan.

Likewise, the industry of Taiwan was expanding on regular basis offering wide range of hi-tech products. He said, the overall trade figure $ 882 million in 2011 was slipped to $ 629 million in 2012 mainly due to more than 50 percent decline in Pakistan's exports to Taiwan.

The LCCI President also appreciated the efforts of Taiwan External Trade Development Council (TAITRA) for doing utmost efforts to increase Taiwan's share in total imports of Pakistan.

Currently, main export products from Pakistan to Taiwan consist of Mineral fuel, cotton, manmade staple fibers, copper, beverages, spirits & vinegar, plastic products, raw hides & skins etc. Imports from Taiwan to Pakistan comprise of organic chemicals, plastic & rubber articles, manmade filaments & textiles materials, iron & steel, articles of aluminium, etc.

Lashari said that frequent interaction was bound to create better understanding between the private sectors, which would play the desired role of promoting bilateral trade and economic relations between the two countries.
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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Geographic Code:9PAKI
Date:Apr 16, 2014
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