Pakistan Chambers of Commerce signs MoUs with Ghana, Zimbabwe
The Federation of Pakistan Chambers of Commerce and Industry (FOCCI) has signed Memoranda of Understanding (MoUs) with two African Chambers of Commerce, the Hong Kong Trade and Investments Forum and a Nigerian Pharmaceutical company at the 2nd edition of the Engineering and Healthcare Show (EHCS) holding from Feb. 23 to Feb. 25 in Lahore, Punjab Province.
The MoUs were signed separately in a private ceremony with each country and FPCCI during the EHCS at the trade centre.
A Nigerian Pharmaceutical company, NHC Pharmaceuticals Limited, Ghana National Chambers of Commerce and Industry, as well as Zimbabwe National Chambers of Commerce, were involved in signing the MoUs with the FOCCI.
Speaking at the signing agreement Mr Irfan Sheikh, the President of the Federation of Pakistan Chambers of Commerce and Industry, said trade between Pakistan and Ghana has been growing steadily over the past few years.
Sheikh however noted that the speed at which the volume of the trade relations was growing was relatively small but needed to increase immensely in coming years.
He said Pakistani and Ghana trade statistic as of 2021 was $43 million while Pakistan exported goods worth $31 million to Ghana.
It also imported goods from Ghana to the tune of $13 million during the period 2021.
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“To increase the trade volume, both countries can take steps in facilitating trade such as; reducing trade barriers, improving transportation infrastructure and simplify the customs procedure.
“Ghana and Pakistan can explore opportunities for joint ventures in partnership to expand trade and investment.
“The MoU between FPCCI and Ghana Chambers of Commerce is one of the most crucial steps in this regard. Agriculture is a vital step for both countries and there are opportunities for collaboration in this area.” Sheikh said.
Responding, Mr Stephane Miezan, the Second Vice-President of Ghana National Chamber of Commerce and Industry, said the agreement was apt as Ghana was looking forward to strengthening relations with FPCCI.
He said that the agreement was in line with the Ghana chamber of commerce’s core activities which include advocacy, capacity building and policy dialogue.
Others are business-to-business trade fairs, business and trade information exchange and export documentation.
Zainab Sa’id
