Belgian envoy calls for enhancing investment in Pakistan

Author: APP

The Rawalpindi Chamber of Commerce and Industry (RCCI) organized the Belgian Business Contact Day and Catalogue Exhibition at the Chamber House on Monday.

The event was inaugurated by Charles-Idesbald Van Der Gracht De Rommerswael, Ambassador of Belgium to Pakistan, who was the chief guest on the occasion.

The event aimed at strengthening economic ties and foster collaboration between Pakistan and Belgium.

In his keynote address, the ambassador emphasized Belgium’s commitment to enhancing investment and cooperation in various sectors in Pakistan.

“There is immense potential for collaboration in education, agriculture, textiles, and other sectors,” stated the ambassador, highlighting the need to reverse the decline in bilateral trade, which fell from $1.09 billion in 2022-23 to $872.4 million in 2023-24.

He called for concrete efforts such as B2B meetings, joint ventures, and single-country exhibitions to boost trade volumes and unlock new opportunities.

The ambassador also commended Pakistan-Belgium trade relations and reiterated Belgium’s support for Pakistan in securing the GSP Plus status. He identified agriculture, textiles, and precious stones as priority sectors for joint ventures and urged both countries to enhance student exchange programs.

Addressing on the occasion, Usman Shaukat, President of RCCI, acknowledged Belgium as a vital trading partner in the European Union. He discussed RCCI’s recent initiatives and future plans to promote trade and investment opportunities.

He expressed RCCI’s commitment to fostering public and private-sector partnerships and continuing collaboration with the Belgian Embassy.

Khalid Farooq Qazi, Senior Vice President, Fahad Barlas, Vice President, Laurent de Greef, First Secretary – Political, Gilles Hachez, First Secretary – Consular, Trade Commissioner Abid Husain.

Commercial Officer Shaukat Niazi, RCCI Executive Committee Members, women members and other distinguished guests were also present on the occasion.

The Catalogue Exhibition featured an array of resources, including books, magazines, and trade directories, highlighting sectors such as tourism, education, agro-food processing, chemicals, surgical instruments, paper products, dairy, and renewable energy. Visitors explored new avenues for growth and mutual cooperation through these exhibits.

Share
Leave a Comment

Recent Posts

  • Op-Ed

Breaking the Chains of Colonial Bureaucracy

One time, I was sitting with a few senior bureaucrats, and they were continuously blaming…

3 hours ago
  • Op-Ed

Sanctions and Trump Administration

It appears that the new Trump administration may soften its policies about nuclear non-proliferation because…

3 hours ago
  • Editorial

Precision Airstrikes

The last news cycle saw Kabul unleash a flurry of kneejerk reactions, summoning Pakistani diplomat,…

3 hours ago
  • Editorial

Horrific Reality

Deja vu or yet another sign of the moral decay that defines us? After suffering…

3 hours ago
  • Op-Ed

Investing in Youth and SMEs

Pakistan faces the daunting task of transforming its large number of young people into a…

3 hours ago
  • Op-Ed

The fate of Pakistan

In recent times, there has been increasing negative propaganda surrounding Quaid-e-Azam Muhammad Ali Jinnah, particularly…

3 hours ago