Netherlands publicizes progress fund for Pakistan

Ambassador of Netherlands to Pakistan Marcel de VinkAmbassador of Netherlands to Pakistan Marcel de Vink

To assist the Small and Medium Enterprises (SMEs) in rising markets and creating nations like Pakistan, the Netherlands has introduced the Dutch Good Development Fund (DGGF).

Addressing the enterprise group at Islamabad Chamber of Commerce and Business (ICCI), Ambassador of Netherlands to Pakistan Marcel de Vink mentioned the undertaking will create jobs and improve the manufacturing capability of the native trade.

He added that the Dutch CBI programme will assist alternate of technical experience in 27 sectors of the Pakistani financial system. “Netherlands is the fifth largest buying and selling nation on this planet, however its bilateral commerce with Pakistan is round $900 million,” mentioned Vink. “That is far beneath the true potential of each nations and efforts must be made to enhance two-way commerce as there exists an enormous potential.”

The Dutch Ambassador recognized water, agriculture, logistics and vitality because the 4 predominant potential areas of cooperation between the 2 nations and resolved to extend the bilateral commerce as much as a minimum of $1 billion sooner or later.

He assured that Netherlands Embassy would facilitate in bringing businessmen of each nations collectively and the go to of Dutch Minister for Commerce and Improvement Lillianne Ploumen to Pakistan in Could mirrored the eager curiosity to extend commerce. He strongly supported grant of GSP Plus to Pakistan, including that the nation’s producers ought to guarantee compliance to EU requirements to realize most advantages from this concession.

ICCI President Shaban Khalid appreciated the paradigm shift in Netherlands’ coverage for Pakistan from assist to commerce as it’s going to multiply the reciprocal commerce between the 2 nations. “Sixty p.c produce of Pakistan is wasted on account of lack of worth chain facility,” mentioned Khalid. “Netherlands is the second largest exporter of agricultural merchandise on this planet and we hope that Netherlands would cooperate with Pakistan by sharing experience and transferring expertise for enhancing agricultural productiveness and exports.”

Khalid additionally careworn that Netherlands ought to discover Pakistan for potential alternatives.

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