Beirut, 20 July 2023 (TDI): The Pakistan Embassy in Lebanon is pleased to announce a significant development in international commercial collaboration. A Memorandum of Understanding (MoU) has been successfully signed between the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Chamber of Commerce, Industry, and Agriculture of Beirut and Mount Lebanon (CCIA-BML).
The signing of this historic MoU opens the door to increased collaboration and commercial connections between Pakistan and Lebanon.
The historic event was witnessed by notable members from the business communities of both countries at the virtual ceremony. The MoU establishes the groundwork for the Joint Business Council (JBC), which intends to boost bilateral trade and encourage long-term alliances between Pakistani and Lebanese businesspeople, investors, and companies.
The Pakistan Embassy’s unwavering commitment to developing economic diplomacy was critical in facilitating this significant agreement. This strategic alliance demonstrates both nations’ common ambition of leveraging their economic potential and developing new routes of mutual prosperity.
The Pakistani ambassador to Lebanon, Salman Athar, expressed his profound satisfaction by stating, “The signing of this MoU marks an important step towards developing the commercial ties between Pakistan and Lebanon. We are optimistic that the Joint Business Council will be a strong platform for promoting trade and investment possibilities in important sectors of mutual interest.”
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The MoU proposes a variety of cooperative initiatives, including but not limited to:
It will facilitate business delegation exchange visits to investigate investment prospects. It will organize corporate forums, seminars, and exhibitions to highlight the economic potential of both countries. It will foster financial collaborations and alliances between Lebanese and Pakistani companies.
This agreement will share market insight and information to allow better business decisions. It will identify and address trade barriers and regulatory issues to encourage seamless commerce. It will promote information transfer and technical collaboration in related industries.
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The FPCCI and CCIA-BML are excited about the opportunities this collaboration will bring to their business communities. Both countries hope to tap into undiscovered business potential and create enduring friendships by utilizing one another’s advantages and skills.
As the Joint Business Council commences operations, the Pakistan Embassy in Lebanon is optimistic that this engagement will stimulate economic progress and build a bridge of cultural understanding between the people of Pakistan and Lebanon.
A student of International Relations interested in National Security strategies, with a good focus on Geo-Politics, Foreign Policy, and Public & Cultural Diplomacy.
