July 20, 2010
Pakistan seeks Vietnam's investment in aquaculture
Pakistan is calling on Vietnamese businesses to pump investment into aquaculture and other sectors, according to the Vietnamese Trade Office in Pakistan.
Pakistan praised Vietnam's achievements and experiences in aquaculture and proposed that the Vietnamese government send experts to assist Pakistani farmers in the sector, the office said.
The Pakistani government would offer coastal areas free of charge and other incentives for Vietnamese businesses to raise fish and shrimp, it added.
The two countries have agreed to foster exchanges of hi-level delegations and market information as well as speed up the bilateral co-operation in investment, trade promotion, agriculture, education, science and technology.
This consensus was reached during the second session of the Pakistan-Vietnam Inter-Governmental Committee held last month in the Pakistani capital of Islamabad.
During the event, the delegation of 16 Vietnamese businesses met with leading Pakistani enterprises to look for new co-operation opportunities.
Bilateral trade turnover between Vietnam and Pakistan considerably increased in the recent years. From a modest amount of US$10 million in 1999, two-way trade rose to US$183 million in 2009.
Several agreements on trade, the double taxation avoidance, fisheries and aquaculture have been inked between the two countries to better facilitate mutual co-operation.