Pakistan looks for more trade with Bangladesh

Pakistan looks for more trade with Bangladesh
Author / Source : UNB

Dhaka, Nov 2: Pakistan high commissioner in Dhaka Afrasiab Qureshi on Wednesday sought more cooperation from the Bangladesh government and the business community to enhance trade and investment between the two countries. “Experts of Bangladesh and Pakistan should meet under Joint Business Council to identify the bottlenecks that stood in the way of trade and investment, and accelerate the implementation of the commitments of SAARC-CCI,” the Pakistan high commissioner said.

He was addressing a meeting with FBCCI leaders at the FBCCI office.  FBCCI directors Abdul Haque, Mir Shahabuddin Mohammad and Manzur Ahmed were also present.

He invited Bangladesh business leaders to the December 9-11 International Investors Conference organised by the Board of Investment of Pakistan in collaboration with the Federation of Pakistan Chambers of Commerce and Industries. It will be held at Pearl Continental Bhurban, Pakistan.

FBCCI acting president (first vice-president) M Jashim Uddin appreciated the organisers of Pakistan for the conference and assured him of all kinds of cooperation from FBCCI to the event.

He said Bangladesh and Pakistan have immense trade potentials. “The economies of the two countries are agro-based with industrialisation having made good progress. Unfortunately, our bilateral trade is still insubstantial.

It requires active and positive efforts on the part of the public and private sectors of our respective countries.”

Jashim Uddin emphasised the speedy implementation of SAARC-summits’ commitments in the interest of the regional sustainable development.

The FBCCI acting president also expressed concern over the trade gap and pointed out that in 2010-11, Bangladesh exported US$ 86.79 million to Pakistan while imported US$ 671.06 million, trade gap being US$ (-) 584.27 million.

He requested to consider duty-free access, especially for jute goods, ceramic, melamine table ware, tobacco, and tea to Pakistan.

He urged to reactivate all the previous agreements for exploring possible trade potentials.

Abdul Haque said Pakistan should come forward to minimise the trade gap, give more duty-free access, and remove the tariff and non-tariff barriers.

He also called for giving more SAARC Sticker as its demands is increasing among the Bangladeshi Business leaders so that both countries may expedite trade promotion.


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