Karachi: Karachi Chamber of Commerce & Industry’s Senior Vice President Shamim A. Firpo has asserted upon the need of opening Embassies of Pakistan and Taiwan in respective countries to facilitate trade.
He urged to open Commercial offices in Pakistan and Taiwan as first step to establish direct diplomatic relations followed by establishing of embassies to strengthen the political, commercial and economic cooperation between two countries. He stated that opening of trade offices will pave way for developing vibrant relationship and people-to-people contacts.
Karachi Chamber of Commerce & Industry (KCCI) hosted an interactive session on Pakistan-Taiwan bilateral trade on the occasion of visit of a high profile Taiwanese business delegation comprising of more than 20 businesspersons supported by Taiwan External Trade Development Council, led by Helen Lin to Pakistan.
The members of Taiwanese delegation and KCCI members had Business-to-Business (B2B) interactions.
Shamim Firpo in his welcome speech emphasized that Business communities of both countries have to influence their governments to open trade offices and embassies to further strengthen relations between two countries. Visa facilitation and issuance on same day is also imperative to promote trade and businesses.
He hoped that the Pakistan-Taiwan business communities would fairly and sincerely entertain each other. In recent years, higher officials of the two countries have highlighted the need for closer economic cooperation to improve economic and bilateral trade relations with each other. Present volume of bilateral trade is not sufficient. It can be enhanced with mutual cooperation of the business communities of two countries. There are many important sectors where both countries can enter into business include auto parts, textile machinery, steel products, bearings, electronic and electrical products, UPS and solar power products, etc. Taiwan has many high-Tech and specialized industries where joint venture can be done. Pakistan is specialized in textile and agriculture can offer joint ventures in textiles and agro based industries. He offered organizing of Taiwan Pavilion in the KCCI’s My-Karachi Exhibition in the International Hall with one complimentary stall to the Taiwan Trade Centre and special discounts to all members of the Taiwanese Delegation.
Vice President KCCI Nasir Mehmood stated that organizing of exhibitions and exchange of trade delegations and information is important. To effectively play our role, KCCI can sign MoU with Taipei Chamber of Commerce & Industry to facilitate the members of two Chambers. He also motivated the members of Taiwanese trade delegation to participate in the KCCI’s My-Karachi Exhibition 2013 whereby B2B meetings can be arranged with Pakistani counterparts. KCCI’s Managing Committee Members also participated in the meeting.
Taiwanese Business Mission/ delegation leader Helen Lin who is also the director of Globe Lock & Hardware Inc., expressed gratitude to KCCI for extending opportunity to Taiwanese Business Delegation to explore business possibilities and prospects of businesses with KCCI members. She stated that Taiwanese business community desires to establish productive relations with Pakistani counterparts. The Taiwanese Mission to Pakistan was composed to establish business contacts and understanding market trends and business. She apprised that Taiwanese business delegation comprised of 28 leading brands of Taiwan engaged in office automation equipment, automatic pumps, electronics & electrical items, auto parts, locks, hardware tools, steel coils & sheets, rubber parts, UPS, AVR, building materials, bearings, cosmetics, water filters, textiles accessories, adhesives, brake & suspension systems, solar energy products, textile machinery. She appreciated presence of number of KCCI member companies to have meaningful B2B meetings with Taiwanese delegation.
Director of Taiwan Centre based in Tehran Abraham Lin apprised that the Taiwan External Trade Development Council (TAITRA), is the trade and investment promotion organization to help promote foreign trade.
Jointly sponsored by the government and various commercial and industrial associations, TAITRA helps Taiwan’s business enterprises reinforce their international competitiveness as well as cope with the challenges they face in the global markets.
In association with its sister organizations, the Taiwan Trade Centre, Inc. (TTC) and the Taipei world Trade Centre (TWTC), The TAITRA continues to do everything possible to adapt its trade promotion strategies to the changing international trends and conditions. It was the first Taiwanese high profile business delegation to Pakistan to explore mutually beneficial business opportunities with Pakistani businesspersons.