PAAPAM, CPBC sign MoU for seeking partnerships

The Pakistan Association of Auto Parts & Accessories Manufacturers (PAAPAM) and the Canada-Pakistan Business Council (CPBC) have signed a Memorandum of Understanding (MoU) to enhance and develop business and investment relations between Pakistan and Canada. Pakistan’s auto part industry is looking towards reaping the benefits of globalization and seeking partnerships in the world.
The President of CPBC, Samir Dossal, and Chairman of PAAPAM, Munir Bana, signed the document while Athar Khan, Trade Commissioner at Canadian Trade Service, and Ghulam Ali Shah Pasha, a board member of Pakistan Trade Development Authority (TDAP) witnessed the signing feat.
Referring to the need for strong bilateral cooperation between the Canadian and Pakistani SME sectors, especially in engineering goods and services, Dossal underscored the opportunities that could be leveraged for trade flow in both directions, including joint ventures and acquisitions. It is expected that the MoU will open new avenues of bilateral trade and collaboration between the two countries. He furthered that PAAPAM members had demonstrated to provide international quality standards for the automotive sector, and they could easily leverage those competencies to ramp up the global marketplace.