Pakistan, Philippines explore trade, investment and energy cooperation
Both sides discuss organising trade exhibitions and a dedicated business forum to boost commercial links
Signing a memorandum of understanding between Pakistan and the Phillipines PHOTO: MINISTRY OF ECONOMIC AFFAIRS
Pakistan and the Philippines discussed expanding trade and investment ties, enhancing cooperation in agriculture, energy and minerals, and easing business travel during talks in Manila on Friday, a spokesperson for Pakistan’s Ministry of Economic Affairs said.
The two sides considered organising trade exhibitions and a dedicated business forum to boost commercial links. They also reviewed updating the bilateral Double Taxation Agreement to align it with modern standards and emphasised greater private sector participation, backing the revival of the Pakistan–Philippines Joint Business Council.
Pakistan proposed signing a memorandum of understanding between the two countries’ investment boards and discussed setting up a joint working group on investment to facilitate collaboration.
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Export opportunities in agricultural commodities and halal-certified products were highlighted, alongside potential cooperation in seed development and irrigation initiatives.
The discussions also covered collaboration in the energy and minerals sectors, particularly in upstream exploration and the exchange of mining technology. Both sides stressed the need for a predictable and efficient visa regime to facilitate business travel.
The talks took place during the second session of the Pakistan–Philippines Joint Economic Commission, co-chaired by Pakistan’s Secretary of Economic Affairs Muhammad Humair Karim and the Philippines’ Undersecretary for International Trade Allan B. Gepty.
The meeting was attended by Pakistan’s Ambassador to the Philippines Dr Asma Rabbani, the Philippine Ambassador to Pakistan Dr Emmanuel Fernandez, and senior officials from both countries, the spokesperson added.
Reference Link:- https://tribune.com.pk/story/2593599/pakistan-philippines-hold-second-joint-economic-commission-meeting
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
