After successful launching of ‘New Initiative’ at Saitama, the embassy of Pakistan organised the second series of ‘Pakistan Trade Seminar’ in the Aichi Prefecture in collaboration with the Nagoya Chamber of Commerce and Industry (NCCI), Chubu Economic Federation (CEF), Aichi Prefectural Government, METI and JETRO.
Aichi Prefecture with a GDP of USD 340 billion, surpassing many developed countries, is at the exact centre of Japan. It has a rich natural environment and an abundant workforce which serves as a base for the well-balanced growth of industry, commerce and agriculture in the prefecture.
In particular, Aichi has a particularly strong concentration of manufacturing-related companies and hence maintaining No 1 position in Japan in terms of the value of its total shipments of manufactured products. Aichi is already home to more than 500 foreign-backed firms and continues to develop business activity.
Pakistan’s Ambassador to Japan, Farukh Amil, shared with the audience “The New SMEs Collaborative Model” of Pakistani and Japanese business community joining hands for enhancing bilateral trade and investment.
He informed that the Pakistani community in Japan could play a galvanizing role for the promotion of Pakistan-Japan business due to its presence across Japan, its deep experience and knowledge of the Japanese language and business skills.
In his presentation, he presented the case of Pakistan as a reliable trade and investment partner with a history of Pakistan-Japan’s long lasting friendship, socio-cultural bond and strong business relations. He said Pakistan offered immense opportunities for SMEs of Japan to promote their trade and investment.
Although there were many areas where investment could be made but he specifically stressed the focused areas of the new government – energy and infrastructure sectors.
He urged the Japanese companies to visit Pakistan and keep up the momentum created by the active participation of Japanese companies in EXPO 2013. The ambassador reiterated that Pakistan had a comparative advantage for being partner in prosperity with Japan, because of its available youthful population, lower labour costs, and educated workforce.
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