KCCI, APC sign MoU for strengthening bilateral trade.

KARACHI -- The Karachi Chamber of Commerce and Industry (KCCI) has signed a Memorandum of Understanding (MoU) with Australia Pakistan Chamber of Trade, Commerce and Industry (APC) wherein the two Chambers have agreed to devise framework of cooperation and develop a number of actions aimed at further strengthening bilateral trade and relationship between Pakistan and Australia.

The MoU was inked by President KCCI Muhammed Tariq Yousuf and President APC Muhammad Asif during the visit of APC delegation to KCCI. Senior Vice President Touseef Ahmed, Vice President KCCI Muhammad Haris Agar, Treasurer APC Ali Abid, Member APC Muhammad Shoaib and others were also present on the occasion.

According to the MoU, KCCI and APC would initiate establishment of friendly and cordial relations between Australia and Pakistan through increased cooperation amongst industrialists, businessmen, and entrepreneurs of the two Chambers in addition to recognizing the possibilities and potentialities of growth, development and promotion of bilateral trade, investment and tourism between the two friendly countries.

Both Chambers have also agreed to appreciate the scope of further expansion of bilateral trade relations within the framework of the laws and regulations prevalent in Pakistan and Australia, besides realizing the need to foster a spirit of better cooperation and coordination between business communities of both countries in general and their respective members in particular for the development of trade and commerce.

Speaking on the occasion, President APC Muhammad Asif, while highly appreciating KCCI for joining hands with APC for promotion of business ties, stated that although there was a huge potential for Pakistani products in the Australian market...