PESHAWAR: The USA has lengthy been Pakistan’s largest export market – importing greater than $5 billion Pakistani items that’s surpassing every other nation and we would like bilateral financial relations to be additional strengthened by inviting Pakistani businessmen to go to the US and get a bonus of the USA experience in several sectors.
This was said by Syed Jawad Hussain Kazmi, President Khyber Chamber of Commerce & Business (KCCI) throughout a gathering on trade-ties between Pakistan and the US with Mr Panfilo Marquez, US Consul Normal at Peshawar and Mr. Kurt L. Beurman, Political and Financial Affairs Officer.
The delegation of Khyber Chamber of Commerce & Business held an hour-long assembly and totally mentioned Pakistan-US commerce ties and the trade of visits of Pakistani businessmen to US to have business-to-business conferences with totally different US corporations for extending buying and selling ties and to get advantages from the US experience.
Govt members of KCCI, Muhammad Yousaf Afridi, Moin Uddin Khan and Muhammad Haroon Sabir have been additionally current on the assembly.
The primary merchandise that Pakistan exports to the USA are home linens, knitted sweaters, and different clothes articles. Over the past 25 years, the export of Pakistan to the US has elevated at an annualized price of 4.79%, from $1.26b in 1995 to $4.04b in 2020. The USA can also be one of many prime buying and selling companions of Pakistan.
Commerce and funding relations between the USA and Pakistan proceed to develop, and the US authorities helps this relationship by organizing business-to-business commerce delegations, offering technical help, and selling enterprise alternatives for US corporations to develop US-Pakistan business partnerships. For greater than 70 years, Pakistan has been an vital companion and that’s the reason we would like businessmen of Pakistan ought to come as much as varied commerce expos for interplay with varied US corporations.
Each side additionally talked about boosting cooperation in lubricant, vitality, agriculture, textile and healthcare sectors in addition to promotion of digital commerce and e-commerce. Safety of mental property, promotion of laborer’ rights and financial empowerment of ladies additionally got here underneath dialogue.
Nonetheless, Pakistan’s enterprise local weather has areas that have to be strengthened, together with regulation, mental property safety, and taxation. The USA continues to work with Pakistan to attain enterprise local weather enhancements.
Syed Jawad Hussain Kazmi, pledged to strengthen commerce ties and business-to-business contacts to reinforce the bilateral commerce quantity.
The US Diplomat assured Jawad Kazmi, President KCCI and his delegation to take away all obstacles in go to of Pakistani businessmen and buyers to the US moreover a tenet would even be supplied to different main businessmen and corporations who need to strengthen and develop enterprise, commerce and funding ties.
The Delegation of KCCI thanked Panfilo Marquez, US Consul Normal at Peshawar and Mr. Kurt L. Beurman for his efforts to assist and assist the businessmen in increasing commerce and funding ties with the US and benefiting from obtainable enterprise alternatives.