Home / Knowledge / News / Textiles / Hungary to expand textile trade with Pakistan
Hungary to expand textile trade with Pakistan
Dec '13
courtesy: LCCI
courtesy: LCCI
With the intention of expanding trade relations in various sectors, including textiles, a large group of sector-specific business delegation from the Central European country of Hungary will be visiting Pakistan in March 2014, in order to explore investment opportunities and promote bilateral trade between the two countries, said Hungarian Ambassador to Pakistan Istvan Szabo.
The Hungarian Ambassador was speaking while addressing the members of Lahore Chamber of Commerce and Industry (LCCI) during a recent meeting.
According to a statement issued by LCCI, the Ambassador said it would be a great opportunity for business communities of Pakistan to expand their businesses to European countries, especially Hungary, which is situated in the centre of Europe.
Mutual contacts between the chambers of two countries should be increased and the exchange of trade delegations could help promote trade relations, he added.
According to the Hungarian Ambassador, trade and investment opportunities are available in various sectors between the countries, including textiles, and Pakistani businessmen could avail Hungarian expertise in these areas.
Speaking on the occasion, LCCI president Engineer Sohail Lashari emphasised the need for exchange of information on market studies, business delegations, and single country exhibitions in both the countries as well as signing memorandum of understanding (MoU) with the Hungarian Chamber of Commerce and Industry for the same.
Mr. Lashari said here are vast prospects of expansion of bilateral trade including joint ventures between the two countries, especially in the textiles sector.
According to the LCCI president, Pakistan could supply all types of textile goods such as readymade garments, home textiles and knitwear (hosiery) items to Hungarian markets, and Hungary could lend its technical expertise to Pakistan on various sectors.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 2nd Dec 2016

Indian currency crisis impacts global cotton market

The currency crisis in India, marked by insufficient supply of new...

Huang Wei from Fiber Raw Material Dept of Sinopec Chemical Commercial Holding speaking at the Forum

Textiles | On 2nd Dec 2016

Huge potential for nylon consumption: Experts

There is huge potential for increase in nylon consumption said...

Apparel/Garments | On 2nd Dec 2016

Aditya Birla Group to establish apparel unit in Odisha

Aditya Birla Retail and Fashion Ltd. (ABFRL) is establishing a new...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search