ISLAMABAD: The Islamabad Chamber of Commerce and Industry signed a Memorandum of Understanding with the Minsk Department of the Belarusian Chamber of Commerce and Industry to promote bilateral trade and mutually advantageous commercial and industrial ties between Pakistan and Belarus.
Atif Ikram Sheikh, president, Islamabad Chamber of Commerce and Industry and Mikhail Miatlikov, Director General, Minsk Department of Belarusian Chamber of Commerce and Industry signed the MoU in the presence of Muhammad Nawaz Sharif, Prime Minister of Pakistan and Andrei Kobyakov, Prime Minister of Belarus at PM Office.
The MoU was aimed at establishing a general cooperation framework between the two trade bodies to promote trade, joint ventures, investment, technical cooperation and economic relations between Belarus and Pakistan. Both sides resolved to cooperate with Belarus-Pakistan Business Council for fostering friendship and understanding between the business communities of Pakistan and Belarus.
Both sides agreed to facilitate the cooperation between the Belarusian and Pakistani SMEs and encourage entrepreneurs of their respective countries to participate in each other country’s exhibitions for exploring business prospects. Both sides vowed to contribute actively in strengthening the research and development activities for industries in both countries.
After signing the MoU, Atif Ikram Sheikh, president, Islamabad Chamber of Commerce and Industry said that Pakistan and Belarus has tremendous potential to enhance cooperation in many fields including agriculture, automobiles, industrial development and technology transfer. He was optimistic that the MoU will help in promoting business linkages between the private sectors of both countries and exploring all untapped areas of mutual collaboration.
Mikhail Miatlikov, Director General, Minsk Department of Belarusian Chamber of Commerce and Industry said that being an industrialized country, Belarus has a lot to offer to Pakistan. He said the signing of MoU between the Capital Chambers of two countries was a highly positive development as it would be helpful in starting a new era of cooperation between the business communities and further enhancing bilateral trade and economic relations between Pakistan and Belarus.
