ISLAMABAD: Ambassador, European Union Delegation to Pakistan, Lars-Gunnar Wigemark Friday said that the Competition Commission of Pakistan (CCP) should further open up competition environment for making Pakistan economically strong country.
“The EU would be encouraged to enhance trade with Pakistan if there is strong competition environment in the country”, Mr Wigemark said while addressing a Conference organized by the CCP to mark World Competition Day here.
He said the CCP should ensure enforcement of competition laws regardless of any political and commercial influence only for the welfare of the consumers.
He said in EU, the competition environment was very strict and all companies are strictly scrutinized by the EU.
He said Pakistan had great economic potential however its economic growth was not fast according to its potential.
While praising the Pakistan’s government’s business friendly policies, he said it was committed to promote economic reforms agenda in the country.
He also stressed the need for enhancing trade with all regional countries including Afghanistan and specially with India.
“Irrespective of the tensions going on at the borders, people of both Pakistan and India should develop people to people and business to business contact for promoting trade culture between the two countries”, he added.
He said last year the EU provided preferential access to its markets to 10 countries including Pakistan and since then the country’s exports to the EU jumped by 20 percent to Euros 700 million.
He advised the CCP to strengthen its working which should not only benefit the consumers and the country but also the region and the entire world including the EU.
He said the CCP was tackling many of the distortions prevailing in Pakistan’s economy and was trying to get rid of cartels in the country.
Earlier, the CCP chairman Joseph Wilson said in his welcome address that the CCP aimed at to contribute towards improve the investment climate of the country by removing entry barriers and eliminating other anti-competitive behavior that could deter investor, particularly foreign investors from investing in the markets.
He said the CCP would continue the process of revising its regulations and processes, enhancing the strengthen and technical expertise of the enforcement staff, advocacy efforts with the public and private sector and working towards embedding a culture of competition in the country.