Islamabad: Germany Ambassador to Pakistan Ms. Ina Lepel, said her Embassy was working with the Pakistani business community to strengthen the German-Pakistan Business Institutions. She said Pakistan-German Chamber of Commerce and Industry has been granted license and hoped that it would further improve bilateral trade and economic relations between the two countries. She expressed these views while addressing business community at Islamabad Chamber of Commerce and Industry.
Germany Ambassador said that Germany has financially supported major hydropower projects and up gradation of distribution system in Pakistan and it was currently focusing on renewable energies and energy efficiency in Pakistan including consultancy for individual enterprises on energy conservation in their production processes. She said the Pakistan-German Renewable Energy Forum will open soon for business.
She said a German business delegation along with Deputy Foreign Minister had already visited Pakistan in last June while another delegation was envisaged for Pakistan during the second half of this year to explore new avenues of mutual cooperation. She said Germany’s trade figures with Bangladesh, Thailand and Malaysia were much larger and Pakistani businessmen should make more efforts to promote trade with Germany.
She said Germany was one of main donors for the TVET reform program in Pakistan to provide young people with the skills and competences required by domestic and foreign employers. Another program at the factory level was aimed at enhancing the productivity and improving labor standards which could give Pakistani companies competitive edge in European markets as European consumers were willing to pay more for products produced according to the international standards.
In his welcome address, Atif Ikram Sheikh, President, Islamabad Chamber of Commerce and Industry said that given the market size of Pakistan and Germany, bilateral trade of $2.3 billion in 2014 was not up to real potential of both countries and there was a great need of diversifying two-way trade by focusing on more products. He said keeping in view the importance of CPEC for investors; it was high time that more German companies and investors should explore Pakistan for investment and joint ventures.