Pakistan and Bahrain will build economic partnership under the China Pak Economic Corridor (CPEC) with mega projects focusing on regional connectivity.
According to Federal Commerce Minister Engineer Khurram Dastgir, Pakistan and Bahrain will set up investment and trade opportunities under CPEC. Dastgir was speaking at the second Pakistan—Bahrain Business Opportunities Conference,
Pakistan has laid the foundation of economic engagement with Bahrain which will be transformed into 21st century partnership to step up trade and investment opportunities for the two countries.
On the occasion, the Minister for Commerce and Industry of Bahrain Zayed Rashid Alzayani was also present. Dastgir further said,
We get excellent support and cooperation from Bahrain government. Bahrain is now going through economic reforms envisioned by its leadership.
Bahrain provides a gateway to countries of the Gulf Cooperation Council (GCC). This conference was aimed at reviving trade and investment between the two countries. Dastgir stated that Pakistan would steer out of the energy crisis by mid-2018 which would further add to the investments by foreign companies. Alzayani said that Bahrain was committed to enhancing trade with Pakistan,
We have clear instruction from the leadership to increase cooperation and investment opportunities.. We are negotiating free trade agreements with the US and regional countries for opening up trade and creating business opportunities; it is also the right time for promotion of trade and economic relations with Pakistan.
He also expressed hope that the private sector would play a vital role in enhancing the trade volume between the two countries. He encouraged Pakistan to conclude free trade talks with the six-nation GCC to pave the way for boosting trade.
Several countries around the world are aligned with Pakistan to reap the benefits resulting from CPEC. Others have expressed a desire to be a part of this mega project including the UK, France and Russia.You can follow us on Facebook, Twitter, or Google+ for more updates. Otherwise fill in the subscription box above, or subscribe to our RSS Feed.