Business people asked to diversify exports to Argentine - AsiaNet-Pakistan

Business people asked to diversify exports to Argentine

February 27, 2014 | Industries | Share:

Karachi, February 27, 2014 (PPI-OT): The Ambassador of Argentine Republic, Rodolfo Martin Saravia, while stressing the need to promote trade ties between Pakistan and Argentine, said that efforts must be made for enhancing exchange of trade delegations and interaction between the private sectors of the two countries which would certainly pave way for improved trade relations.

Commenting on bilateral trade between Pakistan and Argentine during his visit to Karachi Chamber, the Ambassador pointed out that both countries continue to enjoy good bilateral trade relation since past 25 years. Trade volume has always remained in favour of Argentine, except last year when it was in favor of Pakistan. “We must work hard on how to improve trade regardless of considering whether it favors Pakistan or Argentine”, he added.

President KCCI, Abdullah Zaki, Senior Vice President KCCI, Muffasar A. Malik, Vice President KCCI, Muhammad Idrees, Chairman of KCCI Sub-Committee for Diplomatic Affairs, Abdul Jabbar Dalal, Former President KCCI, Majyd Aziz, Managing Committee members, Zafar Saeed Baghpatee, Silwat Afzal, Shehzad Mobeen, Hassan Sheikh Vohra, Secretary General KCCI, S. M. H. Rizvi and others were also present at the meeting.

Rodolfo Saravia advised Pakistani businessmen to focus on diversifying exports to Argentine as remaining confined to traditional goods would never yield positive results. There is also a great scope of cooperation between the two countries in other sectors like textile, pharmaceuticals, livestock, dairy, agriculture etc. and sky is the limit in bilateral relations. Pakistan has huge market for meat and Argentine can help in meat processing for its export and local consumption, he added.

Commenting on CNG crisis currently being faced by Pakistan, the Argentinean Ambassador opined that the CNG crises being faced today were due to wrong policies adopted by the governments from time to time. Initially people were encouraged to convert their vehicles from petrol to CNG and around 4 to 5 million people converted their vehicles.

More than 5,000 CNG stations were also established across the country to meet the rising demand and now everyone suffers due to lack of CNG. “After encouraging people to go for CNG, you cannot just say forget it now. Millions of people have now converted their vehicles to CNG and they simply cannot go back”, he added.

Highlighting the visa issues being faced by Pakistani businessmen, Rodolfo Saravia admitted that business visa is one of the major problems being faced by Pakistanis willing to visit Argentine but the businessmen must meet certain requirements due to security concerns in order to become eligible for visa issuance. However, efforts are being made to reduce these requirements and timings for issuance of visa, he assured.

Earlier, while welcoming the Argentinean Ambassador, President KCCI, Abdullah Zaki pointed out that in pursuit of excellence since 1959, KCCI has become a leading voice of the Karachi business community due to its untiring efforts and dedication towards Public Service.

Underscoring strong relations between the two countries, President KCCI noted that Pakistan exported goods worth $ 51 million to Argentina, while imports from Argentina totaled $ 37 million during Fiscal Year 2013. Pakistan’s exports to Argentina include man-made staple fibers, cotton and cotton fabric and sports goods. Imports from Argentina to Pakistan are mainly vegetable and animal oils, vegetables, leather, iron and steel and pharmaceutical products, he added

He further mentioned that there was a significant potential to enhance trade between the two countries in the fields of agriculture, alternate energies, pharmaceuticals and CNG buses could serve as key sectors for starting joint ventures between the two nations. There is also need of effective utilization of trade talks, exhibitions and other trade strategies for promotion of bilateral trade between the two countries, he added.

Abdullah said that KCCI has always stood upfront and raised voice for technology transfers and increase in investments because KCCI strongly believes that boosting bilateral relations and trade activities could help speedy growth of economy of both the countries.

Speaking on the occasion, Vice President KCCI, Muhammad Idrees raised deep concerns over the problems and delays being faced by Pakistani businessmen willing to visit Argentine to explore ways and means of how to enhance trade or undertake joint ventures with Argentinean counterparts.

He also advised the Ambassador to set up a Consulate along with Commercial Office in Karachi in order to facilitate the business community of Karachi which is the financial hub of the country.

He requested the Ambassador to assist KCCI in promoting My Karachi – Oasis of Harmony International Exhibition which is likely to be attended by more than 1 million visitors on June 20th, 21st and 22nd 2014 at Karachi Expo Center. It will provide a perfect platform to Argentinian businessmen to exchange views and expand trade ties with Pakistani counterparts.

Referring to setting up of Pak-Afghan Joint Chamber of Commerce and Industry and Karachi Bombay Joint Chamber of Commerce and Industry in KCCI, he advised the Ambassador that a similar joint chamber may also be established with any Argentinean Chamber which will certainly help promote trade.

SVP KCCI, Muffasar A. Malik, Chairman of KCCI Sub-Committee for Diplomatic Affairs, Abdul Jabbar Dalal and Former President KCCI, Majyd Aziz also spoke on the occasion.

For more information, contact:
Aamir Hassan
Director Press/ Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Email: media.dir@kcci.com.pk
URL: www.kcci.com.pk
Office: +92 99218001-09
Fax: +92 21 99218010

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Category: Industries