ISLAMABAD: To support the Small and Medium Enterprises (SMEs) in emerging markets and developing countries like Pakistan, the Netherlands has announced the Dutch Good Growth Fund (DGGF).
Addressing the business community at Islamabad Chamber of Commerce and Industry (ICCI), Ambassador of Netherlands to Pakistan Marcel de Vink said the project will create jobs and increase the production capacity of the local industry.
He added that the Dutch CBI programme will support exchange of technical expertise in 27 sectors of the Pakistani economy. “Netherlands is the fifth largest trading country in the world, but its bilateral trade with Pakistan is around $900 million,” said Vink. “This is far below the true potential of both countries and efforts should be made to improve two-way trade as there exists a huge potential.”
The Dutch Ambassador identified water, agriculture, logistics and energy as the four main potential areas of cooperation between the two countries and resolved to increase the bilateral trade up to at least $1 billion in the future.
