Malaysia seeks increased trade with Pakistan in agri sector
16/9/12 www.dailytimes.com.pk
Staff Report
ISLAMABAD: Pakistan was the second largest trading partner of Malaysia in South East Asia last year therefore both the countries should make efforts to take these relations to a new height by aggressively exploring opportunities for joint ventures in various sectors.
Hasrul Sani Bin Mujtabar, High Commissioner of Malaysia to Pakistan, meeting with Yassar Sakhi Butt, President Islamabad Chamber of Commerce and Industry (ICCI) said Pakistan produces quality and affordable agricultural products especially Pakistani rice and mangoes have great demand in Malaysian markets while Malaysia complements this with its expertise and more access to ASEAN trade civility of free trade agreements.
He was optimistic bilateral trade volume of Pakistan and Malaysia could be increased, finding new avenues of opportunities and cooperation.
He assured his country would increase volume of import of Pakistani agro-products, which would enhance bilateral trade relation between two countries.
Yassar Sakhi Butt said current increase in bilateral trade between Pakistan and Malaysia was subsequent to the signing of FTA between the two countries in 2007 but Pakistan’s share in the bilateral trade is only $257 million, which has tilted the balance of trade heavily in favour of Malaysia, thus, there was a dire need to balance this gap by increasing export of Pakistani products to Malaysia.
He called on the Malaysian business community to take advantage of vast Pakistani market and investment opportunities in agriculture, construction, livestock and dairy, energy, education, IT and Halal industry sectors.
Organising of joint cultural events was the option, which could be used to bring people of both nations closer to each other as well as exploit untapped bilateral trade and investment potential in both countries.
He said all Muslim countries should further promote and strengthen their economic ties and cooperation for exploiting the existing potential and ensuring maximum possible trade exchange.
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