Pakistan & Belgium Sign MoU for Cooperation in Business & Investment

A historic memorandum of understanding for cooperation in business and investment has been signed by the Trade Development Authority of Pakistan (TDAP) jointly with trade and investment bodies of three regions of Belgium, namely the Flanders Investment and Trade; Wallonia Export Investment Agency and Brussels Agency for Business Support, here, today.

This is for the first time that all the three regions of Belgium have jointly signed a MoU with any other country. On behalf of TDAP, Pakistan’s Ambassador to Belgium, the European Union and Luxembourg Mrs. Naghmana Alamgir Hashmi signed the MoU, whereas Mr. Dirk Van Streeteghem, Ms. Chantal De Bleu and Mr. Laurent Lamberts signed the documents for the three agencies, respectively.

Speaking on the occasion Ambassador Hashmi said that Trade between Pakistan and Belgium was constantly rising and for the last year there has been an increase of 49% in the bilateral trade. She said that Pakistan’s economy has taken an upward trajectory and the country is fast emerging as a suitable destination for trade and investment. She added that the MoU was long awaited and will provide very good foundation and frame work for enhancing economic and trade ties between the two countries.

The Ambassador further added that present government’s policy was to create conducive environment for business in Pakistan and a liberal visa regime would soon be introduced to facilitate business visits to Pakistan.***