LAHORE: The two-day second Pak-Belarus Joint Ministerial Commission meeting on promotion of bilateral trade volume and improve economic cooperation, concluded here Wednesday.

The meeting was co-chaired by Federal Commerce Minister Engineer Khurram Dastgir Khan and Republic of Belarus Minister of Industry, Vitaly Vovk, and after having deliberations on various sectors of economy and other matters of mutual cooperation, both the ministers signed meeting’s minutes.

The JMC meeting was attended by Belarus Ambassador in Pakistan, Consular, Head of South Asia Affairs Section, and Pakistan’s Economic Affair Division Secretary Tariq Bajwa and other relevant authorities from both sides.

The meeting adopted the agenda comprising Trade and Investment, Industry, Agriculture, Energy, Health, Education, Inter-regional Cooperation, Sports, Culture, Banking Sector Co-operation and Barter mechanism.

The meeting also evaluated the progress of the decisions taken during first session of Pak-Belarus JMC held in Minsk on August 7, 2015.

During the discussions in the second JMC session, the delegates from both countries presented various proposals to enhance bilateral trade and industrial development, joint ventures, lifting of visa and export/import restrictions, promotion of banking, communication, information technology, media development, industrial and agricultural development, and energy to Pakistan and cooperation in other areas of mutual interest like education, health, culture and sports.

On this occasion, Khurram told media persons that Pakistan greatly values the warm and long-standing relations with the friendly country of Belarus, and committed to further enhancing these bilateral relations.

He said political-economic relations between Pakistan and Belarus had witnessed a boost during the last two years, particularly in 2015 following three high-level exchanges between the two countries, as about 68 MoUs and agreements were signed during these visits.

Federal Minister said that Pakistan and Belarus had tremendous scope to improve trade and economic relations in various sectors, asserting that trade worked as a catalyst in improving political and economic relations between countries, but presently the bilateral trade was much below the potential of both countries.

The true potential could only be harnessed by bringing diversification in bilateral trade, adding value to our products, establishing complementarities and creating enabling environments for business, and formation and activation of Joint Business Council (JBC), he added.

During the Lahore visit, the Belarus delegation head and Minister of Industry Vitaly Vovk also called upon Punjab Governor and Chief Minister, and discussed matters of mutual interest and regional importance.