Pakistan and Belgium sign MoU for cooperation in business and investment

Diplomatic CirclePakistan and Belgium sign MoU for cooperation in business and investment

BRUSSELS, Belgium: A historic Memorandum Of Understanding (MoU) for cooperation in business and investment has been signed by the Trade Development Authority of Pakistan (TDAP) jointly with trade and investment bodies of three regions of Belgium (Pakistan-Belgium cooperation).

This is for the first time that all the three regions of Belgium, namely the Flanders Investment and Trade, Wallonia Export Investment Agency and Brussels Agency for Business Support have jointly signed a MoU with any other Country.

On behalf of TDAP, Pakistan’s ambassador to Belgium, the European Union (EU) and Luxembourg Mrs. Naghmana Alamgir Hashmi signed the MoU whereas Mr. Dirk Van Streeteghem, Ms. Chantal De Bleu and Mr. Laurent Lamberts signed the documents for the three agencies, respectively.Pakistan and Belgium sign MoU for cooperation in business and investment

Pakistan-Belgium cooperation in business and investment

Speaking on the occasion, Naghmana Alamgir Hashmi said that trade between Pakistan and Belgium was constantly rising and for the last year there has been an increase of 49% in the bilateral trade.

The ambassador said that Pakistan’s economy has taken an upward trajectory and the country is fast emerging as a suitable destination for trade and investment. She added that the MoU was long awaited and will provide very good foundation and frame work for enhancing economic and trade ties between the two countries.

Naghmana Alamgir Hashmi further added that present government’s policy was to create conducive environment for business in Pakistan and a liberal visa regime would soon be introduced to facilitate business visits to Pakistan.

The Director for Trade, Flanders Investment and Trade Mr. Dirk Van Streeteghem said that there has been a significant rise in the trade relations between the countries which was evident from ever increasing exchange of trade missions.

The Director General Wallonia Export Investment Agency Ms. Chantal De Bleu, who visited Pakistan in November 2018, said the trade mission last year was a big success and added that the MoU could help in taking up diversified actions for the mutual benefit of two Countries like cross market networking.

The Head of Exports Unit Brussels Agency for Business Support Mr. Laurent Lamberts said that Pakistan’s is a growing economy and his agency would be interested to help Pakistani businesses for trade investment in the Brussels region.

Pakistan Embassy’s Minister Economic Mr. Omar Hameed, Commercial Secretary Mr. Salman Ahmed Choudri, Pakistan’s Honorary Consul General for Trade in Ghent Ms. Karin Zoeter and Honorary Consul General in Antwerp Mr. Luc Maurrens attended the signing ceremony besides representatives of various businesses and trade and investment agencies.

 

Tags: Pakistan-Belgium cooperation

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Moscow says it won’t allow US to silence UNSC on Israeli violence against Palestinians Monitoring Desk: Russian envoy in United Nations Vasily Nebenzya said that the UN Security Council should bring peace, stability and prosperity to the Middle East and Russia would not allow United States to silence UNSC over the issue of Gaza crisis. According to TASS news Agency, Nebenzya said that Moscow will continue to call for an end to violence against Palestinians and will not allow the US to muzzle the UN Security Council as Washington seeks to support Israel's operation in Gaza. "We will continue to stand firmly for ending violence against the Palestinians. Without a shadow of a doubt, we will continue to expose the abuses and sanctimony with which the US is handling the situation. We will not allow the Americans to gag the entire council with their hands in an effort to encourage further continuation of Israel's ruthless operation," he said in a speech at the Security Council.

Moscow won’t allow the US to silence the UNSC on Israeli violence against Palestinians

0
Monitoring Desk: Russian envoy to the United Nations Vasily Nebenzya said that the UN Security Council should bring peace, stability, and prosperity to the...

From Valdai to Margalla Dialogue —- All roads to Civilisations go through Islamabad

0
By Shazia Anwer CheemaThe emergent realities of global security are fundamentally transforming the frame of references and trajectorial approaches toward them. New security architecture...

12 more men in uniform embraced martyrdom for the motherland in Pakistan

0
Monitoring Desk: 12 more men in uniform embraced martyrdom for the motherland in Pakistan, said Inter Service Public Relations (ISPR) of the Pakistan Army.On...
Dr. Attia Anwar

Lifelong learning

0
By Dr. Attia AnwarAs we age, our minds and mental health become more important. We should try to maintain and improve them. Education is...
12th Defense Expo 'Ideas 2024' 'Weapons for Peace' a major step in defense diplomacy

12th Defense Expo ‘Ideas 2024’ ‘Weapons for Peace’ a major step in defense diplomacy

0
By Asghar Ali MubarakIdeas 2024, the global exhibition of defense equipment, will begin today at the Karachi Expo Center on November 19, in which...
Advertisement