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The president, Islamabad Chamber of Commerce and Industry (ICCI), Muhammad Ijaz Abbasi, called upon the European Union (EU) to relax visa policy for businessmen which would encourage them to visit Norway and other European countries for exploring trade opportunities. In a meeting with Norway's Ambassador Aud Marit Wiig, he said that during 2006-07 bilateral trade between Pakistan and Norway was around $74 million.
These figures reflect that trade and economic activities between the two countries were not up to the mark as per existing potential, he added. The balance of trade was in favour of Pakistan, he stressed the need for enhancing trade between Norway and Pakistan for the benefit of both the countries.
"Major items of exports from Pakistan to Norway included fabrics, towels, garments, cotton yarn, textile made-ups, hosiery and sports goods," he added. Abbasi also underlined the need for diversifying the products to increase the existing volume of trade. He also said both countries should exchange business delegations, so as to explore the possibilities of the trade and investment in the areas of mutual interest.
Speaking on the occasion, Norwegian Ambassador Aud Marit Wiig said that it was encouraging that Pakistani companies were importing plants and machinery from the Norwegian companies, which will help building strong trade and economic links between the two countries.
The envoy emphasised the need for building image of Pakistan abroad, so as to attract foreign investment and generate economic activities between the two countries.
She said that Telenor has substantial investment in Pakistan in the telecom sector and more companies were interested in investing in Pakistan because they consider Pakistan a good destination for investment in many areas. The ambassador said that Norway sought transformation of government in Pakistan in a positive manner, which will help strengthen the trade and economic relations between the two countries.

Copyright Associated Press of Pakistan, 2008

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