Germany wants to enhance two-way trade with Pakistan


Lahore, October 12 (online): German Deputy Head of Mission Dr. Philipp Deichmann has said that economic ties of Pakistan and Germany are very strong, stressing the need for enhancing two-way trade by establishing joint ventures for producing value-added products in the country.
He was talking to APBF President Syed Maaz Mahmood and Secretary General Khurram Niaz Khan in his office today along with First Secretary-Economic & Political Section Mr. Christian Bottcher.
Both sides discussed the challenges being faced by business community of the two countries and their solutions in post-corona industrial slowdown. Both sides also agreed to boost bilateral trade and investment through proactive approach and improved engagement.
Dr. Philipp Deichmann said that Pakistan and Germany’s bilateral trade has been around 3 billion Euros while trade balance is also in favour of Pakistan. The ambassador vowed to play his effective role in improving the trade relations between the two countries.
He also emphasized that the biggest asset of Pakistan lies in its abundant youthful workforce. If they are trained and educated well by the government in collaboration with the private sector, this workforce could be the main strength in Pakistan’s industrial development.
Dr. Philipp Deichmann said that Germany wanted to further enhance trade relations with Pakistan and stressed the need for exchange of delegations to explore business collaborations with Pakistani counterparts.