Volume of trade with Italy not up to full potential: MCCI

10 Jan, 2009

The volume of trade between Pakistan and Italy, Mexico, Kenya, Brazil, Malaysia and other countries is not up to full potential while these countries present offer plenty of opportunities to enhance bilateral trade. This was stated by Anis Ahmed Sheikh, President, Multan Chamber of Commerce and Industry (MCCI) while talking to newsmen here on Friday.
The MCCI President said our bilateral trade is limited to certain areas, however, these countries are blessed with lot of natural resources and offer good opportunities to enhance their business relations by tapping different sectors of the economies of these states and Pakistan. He called upon the businessmen of different countries to look for entering joint ventures in different sectors as well as hold trade fairs in each other country for further boosting bilateral trade.
He further said presently volume of bilateral trade is tilted heavily in favour of Kenya, which needs to be made balanced by enhancing Pakistan's exports to Kenya. He said MCCI is building an Export Display Centre where foreign companies will also be given space to display their products and invited foreign businessmen and investors to take advantage of this opportunity. Anis Ahmed Sheikh said that Pakistan and Iran, Afghanistan, Turkey, Malaysia, United States, France, and Central Asian states (CAS) has historic bilateral trade as well as friendly relations.

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