Japan to Help Achieve Localization in Automobile Sector
Pakistan and Japan have agreed to enhance cooperation in the industrial sector especially the modernization of the local engineering industry. According to the press release, the agreement came during a meeting between Minister for Industries and Production Makhdoom Khusro Bakhtyar and newly-appointed Ambassador of Japan to Pakistan Wada Mitsuhiro
The two discussed the business opportunities for Japanese Automobiles companies under the framework of new automobile policy focusing on localization and making the auto sector export-oriented. The minister said these steps would revolutionize the automobile industry of Pakistan by connecting it to the global supply chain and distribution channels.
During the meeting, both shared the key areas of cooperation in the industrial sector and the modernization of the local engineering industry. The Japanese ambassador shed light on mutual cooperation between JICA and the Ministry of Industries and Production to enhance the export base and suggested a bilateral forum for issuance of certificates for international standards of export goods like auto parts, tires, chemicals, IT & communications and enhancement of engineering development skills.
The meeting ended on a high note that mutual cooperation between Pakistan and Japan would be extended in light of new automobile, SME and existing mobile manufacturing policies and improved ease-of-doing-business steps taken by the government of Pakistan for the industrial secto