Pak-UK trade ties poised for expansion

Increasing business and trade relations with the UK can provide Pakistan and its industries an alternative destination to achieve the desired goals of socio-economic prosperity, qualitative industrialisation and exports, in which the Pakistani businessmen and investors settled in the UK can play an important role. Rising cooperation in health, education, hospitality, culture, IT, human resource development, textiles, fashion, classic textiles and chemical industries can be mutually beneficial for both countries. The mutual cooperation may be further strengthened through series of meaningful reforms, concessions, policies and productive channels mainly building of reciprocal trade houses, Preferential Trade Agreement (PTA)/Free Trade Agreement (FTA), exchange of delegations of chambers, regular holding of expos, festivals of one-country product, exchange of information and formation of Pak-UK Industries Corridor of Knowledge.