RAWALPINDI: Japan Ambassador Hiroshi Inomata on Monday said poor security situation in Pakistan was main hurdle to Japanese investment.
Besides, high rate of import duty deters Japan from importing textile from Pakistan, he said while addressing the members of Rawalpindi Chamber of Commerce and Industry.
“Japan is the world’s largest importer of textile and prefers Sri Lanka and India with relatively low ratio of taxes,” he stated.
RCCI President Syed Asad Mashadi, Vice President Saboor Malik, former presidents Sohail Altaf, Shimail Daud, members of executive committee and other members of the Chamber were also present on the occasion.
The envoy said that Japan was keen to enhance bilateral trade with Pakistan and would support every activity which would be initiated in this regard.
He said Japan would assist Pakistan in boosting trade.
He said that Japanese companies were already working in health, education and energy sector of Pakistan and mutual cooperation would be enhanced in future.
Speaking on the occasion, the RCCI President Syed Asad Mashadi said that Japan must transfer technology to Pakistan and increase its investment in the country.
He said trade volume between the two countries was around $2 billion and it is need of the hour to take solid steps to boost the business activities between the two countries.
He said that RCCI trade delegations would participate in two exhibitions being held in Tokyo this year to promote direct interaction between business communities of both countries.
Published in Dawn, February 17th, 2015