Germany keen to invest in agriculture sector

STAFF REPORT KHI: Germany, the most powerful economy of European Union (EU), has expressed its interest in investing in Pakistans strong agriculture sector for bilateral cooperation.

“Pakistan has tremendous potential in agriculture sector and Germany wants to bilateral cooperation in this sector,” said German Council General Dr Tilo Klinner while speaking to an interactive session organised by Pakistan German Business Forum (PGBF) at Goethe Institute.

He said that Germany is trying that Pakistan would get the Generalized Scheme of Preferences (GSP) plus status which will give a better market access of Pakistani products to EU markets. “Pakistan has also huge scope in tourism industry which needs to be addressed,” he added.

“Pakistan and Germany are yet to explore many sectors of bilateral cooperation. Expressing a hope, he said that the coming months of July and August would prove as start of new era of bilateral trade between two countries,” said Ambassador of Pakistan in Germany Abdul Basit, in his remarks on the occasion.

He also said that many issues would be included and many others would be excluded to remove hurdles in way of cooperation between two countries in business, science and technology sectors.

According to him, free trade agreements are not an easy job for any country and it is a time consuming process.

“Pakistans tourism industry needs attention of the government,” he said.

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