United States Chamber of Commerce has identified South Asia as the most favourable region, especially Pakistan for making investments and increasing trade. Now the US business community is least concerned to security conditions in Pakistan as certain incidents occurring here could happen anywhere in the world.
"Pakistan government was moving positively to curb terrorism," United States Chamber of Commerce (USCC) South Asia Affairs' International Division Managing Director Dr Herbert J. Davis said during a meeting with Pakistani business community here at the Federation House on Wednesday.
The meeting was attended by a number of members and officials of the FPCCI who discussed investment and trade-related developments in both the countries and exchanged information of mutual interest with the delegation.
US-Pakistan Business Council (USPBC) Executive Director Esperanza Gomez accompanied Dr Davis.
Dr Davis said that the Pakistan government and business community and US government and businessmen were moving in the same direction.
He said that the Pakistan government during the last few years has been doing well on the macroeconomic side.
He said the Pakistan government delegation would visit Washington in March 2004 for semi-annual meeting under the Pakistan-US Trade and Investment Framework Agreement (TIFA).
He would recommend maximum participation of private sector people from Pakistan in this important mission to have interaction with the US business community.
He said intellectual property rights (IPR) was the main concern of the US companies, which were very reluctant to introduce technologies.
The Pakistan government, however, was doing well on IPR, which was very much required for free trade.
He said the main objective of their visit to Pakistan was to meet with the Pakistan government representatives and officials, and private sector business organisations to get first-hand information about the investment policies and existing opportunities here.
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