A delegation from Philippines Embassy in Islamabad visited the Lahore Chamber of Commerce and Industry (LCCI) on Monday.
The purpose of this visit was to initiate talks with LCCI and discuss future plans of Philippines in terms of bilateral trade between both countries.
The delegation consisted of high echelon officials from Philippines Embassy including Ambassador Daniel Ramos Espiritu, Honorary counsel General Rizwan Fareed, Economic Officer Maria Dolores and Sales & Economic Assistant Sumaira Bibi.
In coordination with Philippine Honorary Consulate General in Lahore, Philippines Embassy organized a meeting in LCCI. The embassy held the briefing on Philippine’s trade and tourism opportunities at LCCI.
There were twenty officials from LCCI who attended the briefing including Vice President Amjad Ali Jawa and his immediate executive committee. However, it was a formal speech and briefing but It served as a MoU between the two countries in order to enhance bilateral trade relationships among two countries.
LCCI agreed to organize exchange trade and investment missions and facilitate Philippine to promote trade and tourism in Pakistan and vice versa.
Ambassador Espiritu in his speech highlighted the relationship between two countries since its inception in 1949, Pakistan exports to the Philippine are normally higher than imports from the country. According to World Bank, Pakistan exports to the Philippine worth $76 million in 2014, major exports from Pakistan were in Food products such as rice, wheat and others, Textiles and cotton, chemical and vegetables.