Pakistan and Japan should work in the direction of signing a Free Commerce Settlement (FTA) for enhancing bilateral commerce relations between the 2 nations in varied sectors, together with textiles, stated All Pakistan Textile Mills Affiliation (APTMA) Punjab chairman SM Tanveer, throughout a latest go to of Japanese Ambassador to Pakistan Hiroshi Inomata to the APTMA workplace in Lahore.
The APTMA Punjab chairman expressed concern over the dwindling commerce between the 2 international locations and stated that each the Governments should take the matter severely, experiences Enterprise Recorder.
Based on the APTMA official, Pakistan imports textile equipment from Japan and with a view to proceed importing, Pakistani textile entrepreneurs require visa facility from the nation.
Mr. Tanveer briefed the Japanese Ambassador in regards to the varied initiatives taken up by APTMA with a view to enhance the textile exports from the nation from US$ 13 billion to $26 billion by 2018, reaping rewards from the Generalized System of Preferences Plus (GSP+) standing granted by the European Union.
On his half, the Japanese envoy stated the 2 international locations share extraordinarily shut bilateral commerce relations, particularly since Pakistan had helped Japan in its financial revival after World Warfare II.
Based on Mr. Inomata, the Japanese Authorities has been extending help to the nation by means of varied boards, such because the Japan Worldwide Cooperation Company (JICA) and others.
Earlier this month, Pakistan’s Minister of Commerce Khurram Dastagir Khan knowledgeable APTMA members that the Authorities of Pakistan had initiated a dialogue with Japan concerning the FTA, which is more likely to be signed quickly.