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Yemen and Pakistan to boost cooperation

Staff writer ▼ | January 8, 2014
Yemen and Pakistan Joint Ministerial Commission reviewed steps to expand bilateral cooperation in sectors of economy, trade, investment, oil and gas.
Yemen Pakistan
Yemen PakistanYemen and Pakistan Joint Ministerial Commission reviewed steps to expand bilateral cooperation in sectors of economy, trade, investment, oil and gas.


The session co-chaired by Industry and Trade Minister Saad Addin Bin Taleb and Pakistani Industries and Production Minister Ghulam Murtaza Khan Jatoi, examined the implementation status of the decisions taken in the 6th session.

The commission delegates discussed in detail prospects of enhancing cooperation in areas of trade, investment, industries, oil and gas, vocational and technical training, health, agriculture, fisheries, infrastructure development and postal services. Both sides reviewed steps for increasing commercial relations following Yemen's accession to World Trade Organization (WTO) as its 160th member.

On the pending issue of formation of Joint Business Council (JBC), the Yemeni side agreed to nominate ten businessmen. Pakistan has already given names of its nominees belonging to industry and trade, reports Yemen News Agency.

It was agreed that the two countries would form a committee to discuss possibility of entering into Preferential Trade Agreement or Free Trade Agreement to expand the volume of trade currently hovering at around $150 million.

Honory Consul General of Yemen in Pakistan Dr Mirza Ikhtiar Baig raised the issue of cutting time for issuance of visa to Yemeni businessmen, citing that Pakistani businessmen are getting visa in five days for visiting Yemen. Pakistani side expressed interest in making further investments by its companies in the oil and Liquefied National Gas (LNG) sector.

Both sides agreed to expedite the conclusion of the Executive Program for Bilateral Cooperation in the fields of oil, gas and minerals. On the request of Yemeni government, Pakistani officials agreed to look into the issue of increasing the number of scholarships for Yemeni technical diploma holders and graduates.


 

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