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Czech Republic vows for enhancing trade relations with Pakistan- Jiri Nestaval January 20, 2012
Meeting at ICCI
Czech businessmen are ready to initiate joint ventures with their Pakistani counterparts for the mutual benefit of both the countries. Moreover, Czech Republic has huge business opportunities for potential Pakistani businessmen in various sectors.

These remarks were made by Mr. Jiri Nestaval, President of Czech Middle-Asian Chamber of Commerce (CSOK), addressing at Islamabad Chamber of Commerce and Industry (ICCI). He informed that it was the first delegation of CSOK led by him to visit Pakistan with the purpose to explore existing trade potential between two countries.

He was of the view that Czech and Pakistan had similarity of geographic location, Czech was located in the mid Europe whereas Pakistan was situated in the middle of Asia, therefore, Czech and Pakistan businessmen should connect commercially.

He said that Czech investors would prefer to enter into joint ventures in different sectors like Power, Textile, Pharmaceutical, Construction, Medical care, Mining machinery, Chemicals and Automobile industry. Nestaval indicated his desire for a greater transfer of technology from the Czech Republic to Pakistan which would help facilitate Pakistan in achieving greater competency in the global markets and add greater value to its traditional exports that would augment its foreign exchange earnings.

In his welcome address, Yassar Sakhi Butt, President, ICCI said that we consider Czech Republic an important trading partner within the European Union and Pakistani entrepreneurs also view Czech Republic as an attractive destination for trade and exports.

He said that both countries should encourage their entrepreneurs to establish joint ventures in areas of mutual interest and hold single country exhibitions in Pakistan and Czech Republic for realizing the full potential of trade and exports. Businesses of both countries should be facilitated to participate in trade fairs of each other country and exchange business delegations, he added.

ICCI president suggested that Czech Republic should provide warehousing facilities to Pakistani goods for export to European companies. He said that CSOK should encourage Czech Republic investors to come to Pakistan and invest in different sectors of its economy to earn huge profits.

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