LAHORE: Provincial Minister Industries Commerce & Trade Sheikh Alla-ud-din said on Tuesday that as a result of GSP plus status, there is a huge potential for enhancing Pakistan’s exports to Germany.
He said that Germany is Pakistan’s 5th largest export destination and there was a need to build relations to enhanced technical education in Pakistan.
He expressed these views while chairing a meeting for exploring potential areas of collaboration between Germany and Punjab. Punjab Board of Investment and Trade (PBIT) CEO, Secretaries Industries, Transport, Energy and representatives of TEVTA, P&D, and PVTC were also present.
The minister said that the Punjab chief minister had constituted a committee to put up recommendations to enhance cooperation between Punjab and Germany in different sectors. Pakistan’s main exports to Germany are textiles, leather goods, medical instrument, Basmati rice, carpets and jewellery.
There are more chances to enhance bilateral relations & trade statistics with Germany and Germany is the major FDI investor in Pakistan. Some of the Germans institutions are MAN Diesel, Merck, Hoechts, Bayer, BASF, Siemens, Linde, Metro etc. they also briefed that Germany support in technical field will be more beneficial as compared to China and Japan. Germany will provide Buses and Trucks and also promote technical education in Punjab.
The minister said that Germany has much experience in dairy industry and support of Germany will be beneficial to strengthen the Industry of Punjab. He directed to secretary Industries for make all arrangements regarding visit of Germany before 15th December.
