Pakistan & Argentina to expand bilateral trade; form JWGs

24 May '21

1 min read

Pic: Shutterstock

Pakistan and Argentina have decided to form joint working groups (JWGs) in various industrial sectors including textiles to boost bilateral trade and economic cooperation. They will also set up a joint business council for B2B interaction between businessmen from both countries. Argentina has also offered technical assistance under South-South cooperation.

The decisions were taken during the third session of the Pakistan-Argentina Joint Commission (JC) held virtually. The Pakistani delegation was led by secretary economic affairs Noor Ahmed, while Carola Ramon, under-secretary, ministry of foreign affairs, international trade led the Argentine side. Representatives from all technical departments of both countries also attended the meeting along with the respective ambassadors.

At the virtual conference, Noor Ahmed highlighted the need to enhance cooperation between the two countries on the basis of reciprocity, fairness and equity, according to Pakistani media reports.

Pakistan and Argentina will also sign MoUs in various fields including trade and will conduct follow up meetings annually regarding the same.

The expansion of Pakistan-Argentina ties is likely to give a boost to bilateral trade between the two countries, which stood at mere $140 million in 2019.

Fibre2Fashion News Desk (KD)

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