Global Rice News

A delegation from Rwanda recently visited the Lahore Chamber of Commerce and Industry in Pakistan to discuss trade and investment opportunities between the two countries. The visit included B2B meetings and discussions on the potential for collaboration.

Rwanda, often referred to as the “Singapore of Africa,” has been rapidly developing and offers a safe and favorable business atmosphere. Pakistani businessmen are being facilitated through a streamlined one-window operation to engage in business activities in Rwanda.

The President of the Lahore Chamber of Commerce and Industry highlighted the economic importance of Rwanda and encouraged the delegation to explore the vast opportunities available in the Pakistani market. Pakistan has a diverse and robust economy, with sectors that have shown remarkable growth over the years. The President expressed confidence in the ability of Pakistani businesses to provide high-quality products at competitive prices, and stressed that Pakistan is prepared to meet the import needs of Rwanda.

The High Commissioner of Pakistan to Rwanda emphasized that there is potential for Pakistani businesses to access other countries through Rwanda. He highlighted the need for direct trade between Pakistan and Rwanda, as most trade currently takes place through third countries. The delegation expressed interest in joint ventures in sectors such as agriculture machinery, rice, pharmaceuticals, sports equipment, and IT.

The High Commissioner also mentioned Lahore’s significance as the cultural, commercial, and industrial capital of Punjab, which constitutes 50% of Pakistan. Lahore is home to a 100-year-old Chamber of Commerce, and has a key role in freelancing and tourism in Pakistan. Rwanda, on the other hand, has one of the best gender equality indexes, with men and women enjoying equal opportunities and representation.

The President of the Lahore Chamber of Commerce and Industry emphasized the importance of developing close ties between the private sectors of Pakistan and Rwanda. He stressed the need for strong relationships built on trust and understanding, which are the foundation of successful business collaborations. The Chamber is committed to promoting these connections and creating an environment conducive to fruitful partnerships.

The delegation from Rwanda represents various sectors including pharmaceuticals, surgical instruments, safety equipment, furniture, construction materials, engineering, packaging, auto parts, and gems & jewelry. The President expressed hope that the B2B meetings would lead to networking opportunities and collaboration between Pakistani and Rwandan businesses.

The President highlighted the strengths of Pakistan’s pharmaceutical industry, which has witnessed remarkable growth and can supply high-quality medications to Rwanda. Pakistan’s automotive sector also produces a wide range of quality components that can contribute to the growth of Rwanda’s automotive industry. The furniture industry offers diverse products, and collaboration in this sector can meet Rwanda’s demand for quality furniture. Pakistan’s gems and jewelry sector, known for its exquisite craftsmanship, has the potential to add elegance to the Rwandan market. The construction industry in Pakistan can supply construction materials and contribute to Rwanda’s infrastructure development. Additionally, Pakistan’s safety equipment industry can meet Rwanda’s safety requirements effectively.

The Senior Vice President of the Lahore Chamber of Commerce and Industry emphasized the need to enhance trade between Pakistan and Rwanda and highlighted the quality of Pakistani products that can cater to Rwanda’s needs.

The Commercial Attaché from Rwanda expressed gratitude for the warm welcome and mentioned the presence of businessmen from various sectors in the delegation. They expressed a desire to strengthen partnerships and establish a presence in Pakistan. Rwanda has a favorable Ease of Doing Business index and is considered a safe country for business.

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