Pakistani companies offered JV’s with Belgian Companies

As the pharmaceuticals and gem & jewelry sectors of Belgium are much advanced and developed, Pakistani entrepreneurs should step into the Joint Ventures with their Belgian counterparts. The Trade Commissioner of Belgium, Abid Hussain in his talk with LCCI President Mian Tariq Misbah has made this suggestion that  Pakistani businessmen should come forward to avail these opportunities. Initially, Gwadar and Port Qasim were developed by the Belgian companies; Belgium is one of the top 10 richest states of the world with advanced claws in the field of technology and high-tech industries. With more than 85 percent of its production being exported, this magnificent country is also a leading figure in exports.  In this pandemic situation, Belgium is also leading coronavirus vaccine manufacturing. Pakistani companies must start joint ventures in pharmaceutical sector with their Belgian counterparts to enter into EU market. As, the major items of Pakistan’s exports to Belgium are readymade garments, home textiles, hosiery items, rice, woven fabrics, tobacco, sports goods and cotton yarn, a tremendous potential is also available for Belgium to become the main supplying market for our import i.e. raw materials, engineering goods, machinery and variety of other services.