The Karachi Chamber of Commerce and Industry (KCCI) and Chamber Management Services (CMS-UK) have signed a Memorandum of Understating (MoU) on Monday. The MoU was signed by A Abdullah Zaki Senior Vice President, KCCI and Mohammed Ahmed International Associate, Chamber of Management Services on behalf of their respective organisations.
Salient feature of the MoU are as under:
-- "Whereas, both the organisations agreed that in view of the need to build a dependable, pragmatic, and advantageous relationship between both the countries, they desire to initiate the establishment of friendly and cordial relationship between the two organisations through an increased co-operation mode among the industrialists, businessmen and entrepreneurs of the two companies.
-- Whereas, both the organisations agreed that there should be an enhanced growth in interaction between them and that this memorandum should be mutually favourable to both.
-- The both sides agreed that it is imperative that there should be maximum dissemination of information that could lead to further increase in bilateral trade between the industrialists, businessmen, and entrepreneurs of the two organisations.
-- Whereas, both the companies agreed that co-ordinated efforts be made to promote joint ventures, initiate partnership, provide technical expertise, introduce licensing possibilities, and arrange visits of industrialists, businessmen and entrepreneurs of the two organisations, in co-operation with Board of Investment of both countries, and the respective diplomatic entities
-- Whereas, both the organisations agreed that this initiative is intended to be a trailblazer and they acknowledge the importance of mutual co-operation between the two organisation.
-- Whereas, both the organisations agreed that strategic and concrete proposals, suggestions, and recommendations that are consequential and significant in the acceleration of bilateral relations of the two countries need to be formulated to achieve as follows:
(1) Image building to dispel negative perception.
(2) Safeguard investments and bilateral activities among members of both organisations.
(3) Attraction of investment and trade co-operations.
(4) Intensive efforts to remove bureaucratic bottlenecks and inconsistent government policies.
(5) Lobby for a mutually beneficial Free Trade Agreement (FTA) between both the countries.
(6) Organise and maintain a database to identify and promote products and services.
(7) Provide information on pool of human resources available in each partner.
(8) Influence the initiation of investment protection, taxation, and other treaties.
(9) Prepare and maintain information on market, cultural, religious, and national factors.
(10) Initiate measures to enhance mutual trust, patience, and transparency.
(11) Promote joint promotions, marketing and ventures.
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