Scope for Great Britain Manufacturers in Markets of Pakistan

The improving law and order situation and growth of middle class business in Pakistan has made it possible for countries like UK to concentrate on this market to sell its goods that is ultimate goal of local manufacturers in England. There is willingness from Pakistan to improve trade ties with economically developed nations like Britain and at the same time authorities here seek further foreign direct investment in the country.

At the same time the European partner has viewed this nation as a growing possible destination of goods that are being prepared in its country. So there is a mutual need to send cargo to Pakistan that could bring these two partners further close through new agreements in this regard. The most recent decision from both sides is to enhance bilateral commercial relations as Pakistan’s high commissioner and British minister of state for international trade has agreed for this cooperation in meeting held in London.

Objective to achieve

The objective of this decision of cooperation is to take trade volume to GPB 4 billion. It is also seen as future preparation of the country that has started the process of leaving EU. China-Pakistan corridor is also a reason behind this enhanced focus of the developed country in a market that has been growing consistently.

The authorities in Pakistan are also working out plans to facilitate foreign trade as prime minister has approved national single window to managing international trade of the country. This would allow the activity to be completed in least time and without any unnecessary hurdles. The hampering procedure of export and import due to involvement of many government institutions would now be smoother and less hectic.

Easing International trade activity on ports

With this regulation of trade activity, Pakistan would become 50th country that have applied this system to minimize the documentation and time required to complete the requirements for external business activity. It is a step forward in the direction after ratification from the country of trade facilitation agreement of the World Trade Organization.

It is also important as the country has got engaged in many trade pacts and to materialize them there must have been a technology based swift procedure at ports to carry out imports and exports. It is equally helpful for transit trade and trade through airlines.

New Cargo Companies

With all these measures there are very lucrative conditions for the Pakistan cargo companies involved in freight forwarding as future is very engaging due to increase in activity on ports of the two nations like Pakistan Cargo 4 U. In Pakistan, evolving rules and system is rather ready to coop with the upcoming prospects of cargo movement to and from the operational points.

Simplifying the rules and providing training to those carrying out steps at different levels obviously basic requirement and authorities concerned are to making things better. Eagerness from the two partners to move from present quantity of cargo activity to the targeted UK trade volume is encouraging the new companies to come with solutions and create healthy competition that could prove beneficial for the clients.