In order to discuss futuristic economic policies so as to fully exploit the one billion dollar trade potential of the two countries Pakistan and Kenya, the Kenyan high commissioner in Pakistan to arrange for a Joint Ministerial Commission of Pakistan and Kenya which will be held in Islamabad in December this year.
He said that Free Trade Agreement (FTA) is the best tool to resolve the duty related issues and hence both the counties should start negotiations leading to FTA. Commenting on the issue of duties on textile export, he said that FCCI should make recommendations to Joint Ministerial Commission (JMC) to resolve the issue.
Kenya is also organizing a trade and investment conference to highlight the investment opportunities in Kenya. The FCCI members are invited to attend the conference and assured them that maximum support will also lend to FCCI to ink MOU with National Chamber of Commerce and Industry Kenya.
He also appreciated the proposal of organizing single country exhibition and exchange of trade delegations, and said that it will help the business community of two countries to understand each other and discuss the opportunity to launch joint venture, particularly, in the field of textile and value added sector.
As maximum business in Kenya is in the hands of Kenyan Asians, investment in Kenya is safe as there is no load shedding while the government is heavily investing in new power projects for the speedy industrialization of the country.
Furthermore as Kenya is strategically located and Pakistani businessmen could also have direct access to Uganda, Tanzania, Ruanda and Burundi.
The private sector and business community of the two countries, Pakistan and Kenya has to play its pivotal role in enhancing the bilateral trade and in this connection the Kenyan High Commission was ready to extend full support to the potential investors, said Professor Julius Kibet Bitok addressing the members of Faisalabad Chamber of Commerce and Industry (FCCI).
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