Lahore Chamber will send trade delegations to Europe, Middle East, Korea, Japan

The meeting of International Fairs, Exhibitions and Delegations Standing Committee of Lahore Chamber was held under the chairmanship of Convener Rao Khurshid, he said that the world is returning to normal conditions after the end of the Corona epidemic. The identification of countries for trade delegations has been completed. And trade delegations will be sent to Europe, Middle East, Far East, Korea and Japan. Trade fairs help in finding new markets, increase exports and find new buyers for products. High mark-up rate, low exports, heavy depreciation of rupee, high production cost, tax system and congestion at ports, he said. The business community is not interested in trade delegations due to issues like the 1,000 containers. Special focus will also have to be placed on import substitution and export enhancement.