Pakistan’s trade with Germany Showing Strong Growth

Berlin: Pakistan’s trade with Germany is showing strong growth. Exports from Pakistan to Germany increased by 42 percent during the first seven months of the calendar year 2011 compared with exports in the same period during 2010.

As per the figures by the German Statistical Department, major jump has been witnessed in textile, food and agriculture sectors. During the year 2010, over 600 Pakistani traders participated in over 30 major trade fairs and exhibitions of different products held in Germany.

Pakistan‘s investment friendly and resilient economy has opened opportunities for the German business community. Several German companies are expanding their business operations in Pakistan.

Meanwhile, the new Bilateral Investment Treaty between Pakistan and Germany which was recently ratified by the German parliament will provide better protection to investors of both countries compared to the provisions of the previous Bilateral Investment Treaty signed in 1959.

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