Monday, March 15, 2010

35 business concerns to visit Malaysia

ISLAMABAD: A 35-member delegation of the leading businessmen of Lahore Chamber of Commerce and Industry will visit Malaysia on March 16 to explore joint industrial and marketing opportunities and identify potential areas to enhance Pak-Malaysia trade.

The delegation led by Engineer Sohail Lashari, former senior vice president, Lahore Chamber of Commerce and Industry will undergo a four-week visit, the Commercial Counselor for Pakistan in Malaysia Wajiullah Kundi said in Kuala Lumpur.

Kundi said the visit reflects the importance being given to Malaysia in South East Asia by Pakistan in terms of building strategic ties in bilateral trade, investment and business sectors.

He said these ongoing frequents bilateral visits by the private sectors of both the countries will certainly pave the way for greater cooperation leading to substantial increase in trade investment and business activities.

Wajiullah Kundi while giving detail of the visit said the delegation comprises members belonging to important sectors including agricultural machinery and implements, paper and board, iron and steel, electronics and automobiles, livestock and poultry, importer of used Heavy Agricultural Machinery, importer of Electronic Surveillance and Security Systems, power generation and solar energy, manufacturer of cables machinery, dairy and livestock related machines and textile made-ups (embroidery works).

He said during its stay in Malaysia the delegation is expected to hold meetings with the President and members of the Federation of Malaysian Manufacturers, President and members of the Associated Chinese Chamber of Commerce and Industry Malaysia (ACCCIM) followed by B-to-B meeting.

The delegation will also visit MATRADE Exhibition and Convention Centre (MECC) wherein meetings will also be arranged.

Bilateral trade between the two countries have received a boost after signing of Malaysia Pakistan Comprehensive Economic Partnership Agreement (MPCEPA) in Nov, 2007 which has reduced duties taxes and levies on trade between the two countries, he added.

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