Ontario Chamber & LCCI inked MOU to boost Pak-Canada trade

LAHORE: Ontario Chamber of Commerce & Industry, and Lahore Chamber of Commerce and Industry (LCCI) inked a Memorandum of Understanding (MOU) to boost trade between Pakistan and Canada.

Ontario Chamber’s President Rocco Rossi and LCCI Senior Vice President Khawaja Khawar Rasheed signed the MOU on behalf of their respective organizations in the presence of Pakistan Consul General in Toronto Imran Ahmad Siddiqui, S.M. Muneer, Ali Mirza, Naveed Bukhari and renowned businessmen of Canada, according to Lahore Chamber’s spokesman here Wednesday.

The MOU between the two chambers was the idea of LCCI President Malik Tahir Javaid, who is keen to have a good trade volume between Pakistan and Canada.

As per the MOU, both Chambers would make joint efforts to strengthen trade and economic ties and would also ensure establishment of close contacts between the private sectors of the two countries. Rocco Rossi said that Pakistan and Canada had huge scope to work together to further strengthen bilateral economic relations as Pakistan was a great country having rich and unmatched resources. “It is a great country and has a bright future,” he remarked.

He said that private sectors of the two countries should promote trade, investment and economic partnership in the areas of mutual interests.

On this occasion, Khawaja Khawar Rasheed said that Canada and Pakistan enjoyed cordial diplomatic and economic relations. “Canada is one of the few countries which has been supporting and assisting Pakistan in its efforts to acquire sustainable economic growth,” he said and added that Pakistan was eager to maintain good working relations with Canadian High Commission to optimize the available options for greater trade and investment.

He hoped that MOU between the two chambers would go a long way in achieving the desired results.