• Wed. May 17th, 2023

‘Pakistan, Czech Republic trade volume reaches over $300m’

Islamabad: Ambassador of the Czech Republic to Pakistan Tomá Smetánka on Saturday said that the bilateral trade volume between Pakistan and Czechia had reached over $300 million and both countries were focusing on enhancing trade in multiple sectors like the mining industry and agriculture sector.

“Pakistan’s exports to the Czech Republic are about four times higher than the Czech exports to Pakistan. Pakistani exports in textile, sportswear, foodstuff, and leather products were much higher. However, the embassy in Pakistan is working hard to ensure the bilateral trade exchange is more balanced as Pakistan has surplus exports,” Ambassador told this agency during an exclusive interview.

He said it was primarily due to introducing the GSP plus trade mechanism, which allowed Pakistani exports to the European Union. He said, “Few delegations are coming to Pakistan to enhance trade and investments. They are interested in the mining sector, particularly in Balochistan, as the Czech Republic has relatively well-developed mining technologies.

“In reply to a question regarding the renewal of GSP plus the status of Pakistan, the Ambassador said that it contributed to our relations with Pakistan in both ways. One supports Pakistani industries and exports to the European Union, while the other improves Pakistan’s legal human and labour rights. “Pakistan fulfilled the conditions of ratifying the 26 agreements that are a condition for GSP plus status. But, there are still some questions about the actual implementation of it.

Therefore, it depends on what the members of the European Parliament will decide in light of the progress and compliance of Pakistan on conditions and international agreements. “Talking about educational cooperation, he said, “Presently, the Czech Republic has seven times more Pakistani students than it had ten years ago.

These students are studying on different scholarships at leading universities.” He said, “Czech universities have agreements on cooperation with Pakistani universities and urged for institutional partnerships between the Czech Republic and Pakistani universities to seek potential, talented, and skilful students in science and technology and higher education for better outcomes.

So this would enhance educational cooperation and people-to-people relationships.” Highlighting the role of the Czech Embassy in women’s empowerment, the Ambassador said that in the past, his diplomatic mission supported a few projects that contributed to women’s empowerment in rural areas.

Source link

Leave a Reply