The Karachi Chamber of Commerce and Industry (KCCI) and Friends of Pakistan (FoP) USA/Pakistan Trade Advisory, on Wednesday, officially entered into a Memorandum of Understanding (MoU) to establish a comprehensive framework for cooperation aimed at accelerating trade, entrepreneurship, and economic collaboration between Pakistan and the United States.
KCCI, FoP USA ink MoU to strengthen bilateral trade, investment
KARACHI, Sep 30 (APP): The Karachi Chamber of Commerce and Industry (KCCI) and Friends of Pakistan (FoP) USA/Pakistan Trade Advisory, on Wednesday, officially entered into a Memorandum of Understanding (MoU) to establish a comprehensive framework for cooperation aimed at accelerating trade, entrepreneurship, and economic collaboration between Pakistan and the United States.
Under the three-year strategic framework, KCCI and Friends of Pakistan USA would work closely to facilitate bilateral trade and investment by connecting Pakistani enterprises with US-based markets, investors and potential joint-venture partners.
The agreement was signed at the KCCI premises by President KCCI Muhammad Rehan Hanif and President Friends of Pakistan USA Jamal Khawaja in the presence of Former President KCCI Junaid Esmail Makda and Vice President, Pakistan Trade Advisory, FOP USA Farrukh Sheikh, said a statement issued here.
President KCCI Rehan Hanif, highlighting some salient features of the MoU, said that the MoU represents an important strategic step towards strengthening Pakistan-US trade and investment relations and creating new opportunities for the business communities of both countries.
The initiative would promote greater B2B connectivity through the organization of high-level trade delegations, business forums, exhibitions and focused networking sessions, providing businesses with meaningful opportunities to establish direct commercial linkages.
Rehan Hanif highlighted that particular emphasis would be placed on high-potential sectors including Information Technology, Textiles, Agriculture, Manufacturing, Startups and small and medium-sized enterprises (SMEs) while the MoU would also facilitate the exchange of market intelligence and critical information relating to tariffs, regulatory requirements, compliance procedures and market-access conditions.
“The three-year agreement provides a structured and sustainable platform for the private sectors of Pakistan and the United States to move beyond traditional business contacts towards meaningful trade, investment and joint-venture partnerships,” he added, expressing confidence that the partnership would contribute to deeper commercial engagement between the two countries.
