Belarus and Pakistan plan to expand trade and economic cooperation not only in the sphere of export and import, but also in the exchange of investment. This was announced by Grodno during the Fifth Session of the Joint Belarus-Pakistan Commission. The experts discussed concrete steps and methods for intensifying business cooperation between the countries. During the meeting, the Agreement on industrial and industrial cooperation was signed. In the long term, the document will help toincrease commodity turnover and remove barriers for export deliveries.
Muhammad Pervaiz Malik, Federal Minister of Trade and Textiles of Pakistan: "Currently, the trade turnover between our countries is about $ 59 million, and in our view, this is not enough for such two states. And we set a goal to reach $ 1 billion by 2020. I also wanted to emphasize our cooperation on the exchange of investments between Pakistan and Belarus."
Vitaly Vovk, Minister of Industry of Belarus: "We need to intensify the work of interregional cooperation, which we have not developed yet, it is also a good potential for development and raising the bar to 1 billion."
The government also confirmed its intention to summarize the short-term results every 2 months. This will contribute to the effectiveness of cooperation. The next meeting of the commission will be held in March in Pakistan.
