ISLAMABAD: A ten-member delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) led by its President Zubair Tufail on Wednesday left for Ankara to attend the Economic Cooperation Organization (ECO) Chamber of Commerce and Industry Conference.
Vice presidents of the Apex chamber is also accompanying the president of FPCCI to participate in the 23rd Executive Committee Meeting of ECO Chamber which will be held on November 17, at Ankara, Turkey.
The event which is being hosted with the cooperation of Union Chamber of Commerce and Industry of Turkey (TOBB) which will be attended by all the federal Chamber of Commerce of the member countries.
ECO CCI is a flagship organization of Economic Cooperation Organization (ECO) which was established in 1993 and all the National Chamber of Commerce and Industry.
Pakistan, Iran, Turkey, Afghanistan, Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan are members of ECO CCI.
The Executive Committee meeting will review the existing intra-trade and its expansion under ECO Vision 2025, investment opportunities in the ECO region, ECO Trade Facilitation, Transport, visa facilitation, tourism.
The intra-trade of ECO member countries is only US $ 48 billion while the trade volume of this region with the other countries is the US $ 625 billion which is 1.9 percent of the total international world.
Before leaving for Turkey, the president of the FPCCI observed that lack of banking channels and visa restrictions are hampering intra-regional trade.
He said that issues stagnating the growth of inter-regional trade should be resolved while member countries should lift all the trade barriers.
