The Lahore Chamber of Commerce and Industry (LCCI) and CCPIT Sub-Council for Chemical Industry (CCPIT CHEM) on Wednesday inked a memorandum of understanding (MoU) that would pave way for joint research and transfer of technology in the agriculture sector. The LCCI President Engineer Sohail Lashari inked the MoU on behalf of the Lahore Chamber while CCPIT Sub-Council for Chemical Industry was represented by its Vice Chairperson Ma Chunyan.
The agreement would also strengthen business relations through reciprocal co-operation. The purpose of this MoU is to establish a practical framework to facilitate the development of stronger business relations between the two parties, and to set forth the modalities of cooperation. This can enhance the implementation of mutually beneficial trade and investment objectives. Under the MoU, both organisations will encourage, promote and facilitate trade, investment, technological partnership and exchange as well as sourcing collaboration and opportunities among their business communities in accordance with the laws and regulations of the two countries for the mutual interest of both sides.
LCCI and CCPIT CHEM will also facilitate exchange of trade delegations and enhance economic dialogue between the relevant business communities of the two countries. Both the organisations will assist each other in participating or organising trade fairs, exhibitions, conferences, seminars and other similar activities. They will assist each other in holding of CAC Pakistan Expo and CAC Pakistan Summit in Lahore on annual basis. LCCI and CCPIT CHEM strive to eliminate any obstacle that may hinder the growth of trade and business, by identifying the barriers and finding suitable remedial solutions.
Both will co-ordinate to establish and expand business network, which facilitates the circulation of business opportunities and joint ventures, especially outsourcing and technology exchange, available in both countries among the members of LCCI and CCPIT Chem.
Speaking on the occasion, the LCCI President Engineer Sohail Lashari said that keeping in view matchless success, LCCI has decided to make CAC exhibition its annual event. Vice Chairperson Ma Chunyan CCPIT Sub-Council for Chemical Industry in her address thanked LCCI and Punjab government for their support.
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