Naveed Qamar discusses trade with EU

Published May 25, 2022
Commerce Minister Naveed Qamar meets EU member Markus Buchheit in Islamabad. — Photo courtesy: Ministry of Commerce
Commerce Minister Naveed Qamar meets EU member Markus Buchheit in Islamabad. — Photo courtesy: Ministry of Commerce

ISLAMABAD: Minister for Commerce Naveed Qamar held talks with senior officials of the European Commi­ssion in Brussels as part of his government’s strategy to further strengthen Pakistan-EU relations, including enhanced parliamentary exchanges.

Ahead of his visit to the European Union (EU), the minister hosted a reception for the EU ambassadors based in Islamabad. Soon after, Prime Minister Shehbaz Sharif received a telephone call from the President of the European Council Charles Michel.

On March 6, the then prime minister Imran Khan lashed out at the EU ambassadors’ ‘undiplomatic’ statement, wanting Pakistan to condemn Russia for Ukraine’s invasion. The EU ambassadors wanted Islamabad to condemn the Russian invasion, which, according to Mr Khan was state policy.

The visit of Mr Khan to Russia, followed by abstentions on UN votes on the Russian invasion, has caused uneasiness in major European capitals, particularly in Berlin, the second biggest market for Pakistani exports. The new government, soon after coming into power, initiated diplomatic efforts to repair the relationship with the EU.

An official announcement said Mr Qamar will also be visiting other major EU capitals, including Berlin, The Hague, and Paris. The commerce minister held meetings with key members of the European Parliament, senior officials at the European Commission and the Secretary of State for the Brussels region Pascal Smet.

He emphasised that strong trade and investment cooperation were important components of the Pakistan-EU strategic partnership.

He added that economic stabilisation and growth were the key priorities of the current government and the EU remained a key partner for Pakistan to realise these objectives. Mr Qamar highlighted that the GSP Plus was an excellent template and a success story of mutually beneficial cooperation, as Pakistan’s exports to the EU increased by 86 per cent and the EU’s exports to Pakistan grew by 69pc, since the inception of the scheme in 2014.

Published in Dawn, May 25th, 2022

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...