Rawalpindi - Ambassador of Republic of Korea Song Jong Hwan said that trade agreements between Pakistan and Korea were in pipeline to strengthen bilateral trade relations.

He said that his country eager to enhance trade relations with Pakistan and also keen to invest in Pakistan. Korea was fully aware of the problems faced by the Pakistan regarding business and his country would assist Pakistan to enhance trade between the two friend countries.  He was exchanging these views with the Acting President RCCI Humayun Parvez in a meeting during his visit to the Chamber here on Tuesday. Former President Sheikh Shabbir, Amanullah Khan, Kashif Shabbir, Syed Ali Raza Saeed Shah, members’ executive committee and other member of the Chamber were also present on the occasion. Ambassador said that a 20-member Korean business delegation was currently in Islamabad to attend “Invest Pakistan” Conference.

He said that embassy was already trying to collect funds for IDPs through different programmes. He stressed the need of frequent exchange of trade delegation and ensured his full cooperation in this regard. Speaking on the occasion acting President Mian Humayun Parvez said that Pakistan is situated in a geographically important location and Korea must tap the Pakistani trade market. He said that total trade volume between the two countries is around $1.6 billion which is very low. He further said that Pakistan major exportable items to Korea are cotton, leather, surgical goods, fruits and furniture etc. He stressed that bilateral trade relations must be enhanced.

Humayun said that Korean embassy should cooperate with the local business community and Pakistani businessmen should be given access to the Korean trade markets.  “Business community of both sides should visits each others to find different exportable items for their countries”, he said.