Islamabad: Belgian Ambassador to Pakistan Philippe Bronchain on Monday revealed that his country is looking to expand trade with Pakistan in light of its increased potential for business and investment activities — a news source reported. The Ambassador made these comments during a visit to the Islamabad Chamber of Commerce and Industry (ICCI), where he was accompanied by the Trade Commissioner at the Belgian Embassy Abid Hussain.
Speaking on the occasion, Husain stated that currently Pakistan was only exporting some raw materials and textile products to Belgium. However, he believed that the country could expand its exports by investing in technology and exporting value-added products instead. He added that this would help Pakistan capitalise on its GSP-Plus status in Europe, which in turn would boost its exports.
The trade commissioner further encouraged overseas Pakistanis living in Belgium to invest in their home country.
ICCI President Muhammad Ahmed took the opportunity to agree with the sentiments expressed by Ambassador Bronchain and Mr Hussain. He additionally stated that the two countries were important trade partners in the EU, and even though their volume of trade was still below USD 1 billion, it could be expanded significantly in the future.