National News

ECO summit to enhance multilateral trade,economic integration:FPCCI

ISLAMABAD, Mar 6 (APP):Federation of Pakistan Chamber of
Commerce and Industry (FPCCI) has said the recently held Economic
Cooperation Organization (ECO) 13th summit would help to enhance the
multilateral trade and economic integration between
member countries.
ECO member countries have strong relegio-cultural relations
rooted in history,which provide strong foundation for economic
integration and connectivity between ECO region, Vice President,
Federation of Pakistan Chamber of Commerce and Industry, Mian
Shaukat Masud said while talking to APP here.
The forum would also provided opportunity for enhancing the
trade and export volume,he added.
He said that Pakistan had important geo-strategic
location,which provided economic integration and connectivity in ECO member states.
Replying to a question,Shaukat said that China Pakistan
Economic Corridor (CPEC) also would play pivotal role for engaging
member countries in huge economic activity.
He said that CPEC would provide huge trade opportunity for
land locked Central Asian Countries (CARs) by connecting them with
significant trade markets of global trade.
Shaukat was of the view that Pakistan could export its
industrial and textile products to Central Asian countries.
He said that in 13th summit, ECO countries had been focusing on
economic cooperation and regional connectivity.
Replying to another question,he said that all of the countries
were agreed on to enhance trade, transport,energy and also issues
of global and regional importance including food scarcity,industrial
production, environment and tourism.
He also expressed hope that ECO would be emerged as
significant economic block in global and regional trade.