Great potential exists for expansion in trade and economic relations between Pakistan and the Philippine and the two countries should successfully tap it through increased contacts between business sectors, said Ambassador of Philippine in Pakistan Domingo Lucenario during a meeting with the business community of Islamabad Chamber of Commerce & Industry (ICCI).
He said the business communities of the two sides should join hands for joint ventures as and chambers of commerce of Pakistan and Philippine must interact with each other to achieve their ultimate objectives of enhancing bilateral trade volume. He said there was a need to activate framework of agreements on trade and economic ties.The ambassador said Philippines emerged as one of the best performers in services exports as well as in semi-conductor area which provided opportunities for Pakistan to enhance trade with Philippine. He further said both countries should focus on discovering complementary industries. In his welcome address, ICCI President Zafar Bakhtawari said Pakistan attached great importance to enhancing its relationship with Philippines as an important country of ASEAN regional bloc and stressed to further accelerate economic and trade relations among all ASEAN countries. He also emphasised that Philippine should also help Pakistan in becoming a full-dialogue partner in ASEAN.
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