ISLAMABAD - German Ambassador to Pakistan Cyrill Nunn has expressed the hope that volume of bilateral trade between Pakistan and Germany would increase as result of the intensive business-to-business contacts between the two friendly countries.
“German investors are keen to invest in Pakistan’s agriculture‚ mining, energy‚ infrastructure and other sectors”, the ambassador told press briefing at the Embassy on Friday. While giving details about the largest-ever Pakistani trade delegation visiting Germany next week, he said plenty of potential areas exist to tap in order to swell bilateral trade between Pakistan and Germany and upcoming Pakistani trade delegation’s visit to Berlin will open new vistas of cooperation.
Ambassador Nunn said the biggest trade delegation led by the Punjab Chief Minister Muhammad Shahbaz Sharif will travel to Berlin and Munich on 30th and 31st of this month‚ which he termed as an excellent opportunity for business community of both the countries and decide how to move forward. He said German government is playing a facilitators role in this whole exercise.
Around 90 representatives from 60 largest Pakistani companies will be part of the trade delegation‚ which will participate in the Pakistan Days Conferences scheduled to be held in Berlin and Munich.
The German ambassador said some of the Asian economies have encouraging trade with Germany e.g. Malaysia‚ Thailand and India.
Replying to a question regarding the Generalised System of Preference (GSP) Plus status for Pakistan‚ Ambassador Nunn said Germany supports Pakistan’s bid‚ however‚ the decision is to be taken by the European Parliament. He said Brussels would announce its decision on GSP Plus in the beginning of next month.
He said Pakistan government has few important tasks ahead to remove the reservations and apprehensions in the minds of German investors.
German envoy underlined the importance of improving security situation‚ controlling energy crisis‚ ensuring protection to foreign investors‚ transparency and enforcing rule of law in the country. He termed them basic rudiments for boosting trade between the two countries.
The ambassador said Pakistan has great potential when comes to its geo-strategic location‚ relatively more developed infrastructure and huge workforce. He stressed the need to build the capacity of available workforce‚ which can help change the fate of the country.
He said German government supports efforts between Pakistan and India in revisiting their bilateral relations, as Germany strongly believes in opening borders for trade and investment that can spur fast development and prosperity in the region.
To another question, he said that transfer of technology from Germany to Pakistan automatically takes place after any investment deal, adding that cooperation between Germany and Pakistan in education and technical training also helps transfer of technical know-how and technology.