• About Us
  • Contact Us
  • Privacy Policy
  • Free Subscription
  • March 22, 2023

Update Philippines

Updating Filipinos Online

  • Home
  • Nation
  • World
  • Entertainment
  • Food and Travel
  • Economy
  • Technology
You are here: Home / Nation / PH boosts trade ties with Pakistan

PH boosts trade ties with Pakistan

March 6, 2018 by PNA Leave a Comment

MANILA — In a bid to further improve economic ties, the Philippines and Pakistan had agreed to reactivate the Pakistan-Philippines Joint Business Forum and Council with the participation of the Chamber of Commerce and Industry of the Philippines and the Federation of Pakistan Chamber of Commerce and Industry, the Department of Foreign Affairs (DFA) said.

The agreement comes after the recently concluded inaugural session of the Philippine-Pakistan Joint Economic Commission (JEC) in Islamabad last Feb. 28, 2018.

The DFA said the JEC agreed to conduct feasibility studies on the possibility of “preferential trade agreement” and the creation of a technical working group with the JEC for this purpose.

The Philippine-Pakistan Business Council was established late 2003 and was launched in September 2004.

As part of the council’s reactivation, the two governments are expected to join hand-in-hand in trade fairs and single country and product-based exhibitions regularly.

Trade Undersecretary for Industry and Trade Policy Ceferino Rodolfo and Secretary of the Economic Affairs Division of Pakistan Arif Ahmed Khan co-chaired the JEC meeting, which gathered both countries’ economic officials to discuss ways of enhancing bilateral economic cooperation especially in the areas of trade, investment, energy, agriculture, tourism, health, industries and other matters of mutual interest.

On the sidelines of the JEC, Rodolfo discussed opportunities for Pakistan-Philippine economic relations at a gathering of Pakistani businessmen organized by the Pakistan-Philippines Business Forum (PPBF).

During his stay in Pakistan, Rodolfo also paid a courtesy call to the Minister for Commerce and Textile and the Federal Secretary for the Ministry of National Health Services, Regulation and Coordination.

While no specific date has been announced, DFA said the next JEC meeting is scheduled in Manila.

During the 2nd Philippine-Pakistan Policy Consultations in 2004, the Pakistani government has proposed to form the JEC as a mechanism to boost economic and trade relations.

Former President and now Pampanga Re. Gloria Macapagal Arroyo ratified the Memorandum of Agreeement on JEC in 2009 and in the same year, it entered into force. (PNA)

Duterte visits Pakistan Navy warship

Image already added

Read More About: Nation

Join the Conversation Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Find us on…

  • Facebook
  • Google+
  • RSS
  • Twitter

Latest News

  • How the global stock markets can affect the economy

    How the global stock markets can affect the economy

  • Tech scams to watch out for

    Tech scams to watch out for

  • 8 things you need to know about the free tuition law

    8 things you need to know about the free tuition law

  • AH-1W for Attack Chopper?

    AH-1W for Attack Chopper?

  • Blackhawk in Philippines, Finally

    Blackhawk in Philippines, Finally

  • US willing to contribute to PHL Navy modernization, says official

    US willing to contribute to PHL Navy modernization, says official

Food and Travel

  • 4 Filipinos vying in 2018 Nickelodeon’s Kids’ Choice Awards ( Cast your Vote )

    4 Filipinos vying in 2018 Nickelodeon’s Kids’ Choice Awards ( Cast your Vote )

  • Philippines to co-host 2023 FIBA World Cup with Japan, Indonesia

    Philippines to co-host 2023 FIBA World Cup with Japan, Indonesia

  • Ms. Philippines Karen Ibasco crowned as Miss Earth 2017

    Ms. Philippines Karen Ibasco crowned as Miss Earth 2017

  • Baguio Christmas village opens to public

    Baguio Christmas village opens to public

  • CALABARZON promotes ‘motorcycle tourism’

    CALABARZON promotes ‘motorcycle tourism’

  • Camiguin ready to host international tourists, events

    Camiguin ready to host international tourists, events

Technology

  • Tech scams to watch out for

    Tech scams to watch out for

  • Why the Apple iPad Is the Best Tablet for Parents with Young Children

    Why the Apple iPad Is the Best Tablet for Parents with Young Children

  • A Brief History of Batteries and Their Development

    A Brief History of Batteries and Their Development

  • Globe to suspend mobile services in Quiapo for ‘Traslacion’ Black Nazarene

    Globe to suspend mobile services in Quiapo for ‘Traslacion’ Black Nazarene

  • 6 Budget Smartphones Under 10,000 in the Philippines 2018

    6 Budget Smartphones Under 10,000 in the Philippines 2018

© Web Design WPStartups.net · All Rights Reserved · Powered by Likeablepress