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HomeNewsPakistan, Belarus commit to increase trade and investment

Pakistan, Belarus commit to increase trade and investment

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Islamabad, 30 April 2024 (TDI): On Tuesday, the Ambassador of the Republic of Belarus, Andrei Metelitsa called on the Federal Minister for Economic Affairs Pakistan, Ahad Khan Cheema, both underlined the commitment to increase trade and investment.

Matters of mutual interest were discussed, including the commitments made during the 6th Session of the Pakistan-Belarus Joint Ministerial Commission (JMC) in January 2023 at Minsk, Belarus.

The Minister for Economic Affairs, Ahad Khan Cheema, warmly welcomed the Ambassador of the Republic of Belarus and highlighted that Pakistan and Belarus share a strong friendly relationship and are committed to strengthening bilateral ties in the future.

Ahad Khan Cheema appreciated the successful 6th Session of the Pakistan-Belarus Joint Ministerial Commission which paved the way for further cooperation in trade, agriculture, health, science & technology, tourism, and investment in the industrial sector.

Ambassador of the Republic of Belarus, Andrei Metelitsa showed keen interest in further enhancing bilateral ties between both countries.

He emphasized that trade between the two countries is far below the true potential and needs to be enhanced through government-to-government (G2G) and business-to-business (B2B) interaction, trade exhibitions, and harmonization of banking procedures.

Pakistan’s potential for use of agricultural machinery i.e. tractors and harvesters compatible with the Pakistan market especially through joint ventures with Pakistani firms was highlighted by Minister Ahad Khan Cheema.

Moreover, he appreciated the Government of Pakistan’s outlook towards the enhancement of trade and commerce and the development of agriculture.

Also Read: Pakistan Embassy in Minsk celebrates 30th Anniversary of Pak-Belarus relations

Federal Minister informed Mister Metelitsa of Pakistan’s potential to export textiles, agriculture products, and surgical equipment to Belarus while benefiting from Belarusian expertise for joint ventures in heavy machinery and plants.

Emphasis was laid by Ahad Cheema on further strengthening economic cooperation between the two countries utilizing the forum of the Pakistan-Belarus Joint Ministerial Commission.

The meeting ended with a vote of thanks from both parties.

TDI
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