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While Government of both the countries has been taking various steps for development of trade for the collective growth of economy in mutual interest, IFCOMA, the only association of Indian Footwear Components Manufacturers in India gave further boost to it by signing of Agreement of Cooperation (AOC) with the Pakistan Footwear Mfrs Association (PFMA) in the presence of Mr. Hamid Yar Hiraj, Federal Minister of state for commerce at Lahore on 27th June '05 during the inaugural ceremony of JUFT fair at Hotel Pearl Continental.
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PFMA President Mr. Wasim Zakaria & IFCOMA President Mr. Mani Almal exchanging MOU
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The Minister discussing the Component with President Shri Mani Almal.
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AOC would help interaction amongst members of both the association in the sourcing of materials from each other and would also support delegations from both countries to visit on regular basis. They would also take up issues with the respective government for removing hurdles related to import / export, tariff & non-tariff barriers & for opening of trade through Wagah border & railways, keeping the protection to their domestic industries too.
The agreement underlines the need to build a platform between the two countries for exchange of information
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through their websites, periodicals / newsletters, update on the business competence search in respective markets to encourage strategic alliances and ensure development & progress on the mutual business needs.
Honorable Minister of State for Commerce also launched the latest IFCOMA Members Directory, 2005 during the inaugural function. The directory was further distributed to the distinguished guests There wear 69 exhibitors who participated
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Mr. Hamid Yar Hiraz, Minister visiting the Indian Stalls.
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Mr. Wasim Zakaria, President PFMA addressing the gathering during the inauguration function.
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in the two-day event. Overall about 1000 visitors came to the fair to catch up their interest. Indian delegation led by IFCOMA comprised 15 participants from India ranging from Lasts, Soles, Adhesives, Toe-puff & counter, Jute Insole, Linings, Interlinings, Chemicals & Compounds, Coated fabrics, Cutting dies & profiles etc took interest in this exhibition.
Federal Minister of State for Commerce, Pakistan, Mr. Hadim Yar Hiraj inaugurated the exhibition & the Guest of honours including Mr. Wasim Zakaria, President, PFMA, Mr. Haroon Rashid, Director General, Export Promotion Bureau, Lahore & Shri Mani Shankar Almal, and President IFCOMA leading the Indian delegation.
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