Pakistan and Bangladesh to market trade ties
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Bangladesh attached great importance to its relations with Pakistan and there have been deep historic ties between the two countries, stressed the Bangladesh High Commissioner Ruhul Alam Siddique throughout a meeting with Rawalpindi Chamber of Commerce and Industry (RCCI) President Mohammad Nasir Mirza.
Underscoring the potential areas, he explained that trade opportunities among Pakistan and Bangladesh could possibly be explored in a number of sectors including construction materials, light engineering, surgical products, sports goods, food digesting, cotton yarn, tourism and pharmaceutical sectors.
The commissioner further said that the trade balance between both the countries is definitely in favor of Pakistan. Exports from Pakistan to Bangladesh stood at $700 million while exports from Bangladesh to Pakistan had been just $50 million.
Bangladesh is actually the next top export destination of Pakistan found in Asia after China and Afghanistan.
Pakistan’s major exports to Bangladesh have been woven cotton materials, cotton yarn, raw sugar, raw cotton, tanned leather, machinery and its parts and synthetic fabrics including silk and woolen.
Raw jute, tea and mate, yarn & thread of synthetic fibers and tobacco are actually some of the items that Pakistan imports from Bangladesh.
Ruhul Alam Siddique emphasized the necessity of having regular meetings to fortify the bilateral trade ties between both the countries, adding that the last Joint Economic Cooperation meeting was held in 2007 which was a long time ago.
He likewise guaranteed his support to the businessmen within the meeting and said that his office was prepared to provide full support to the traders looking for Bangladesh visa.
RCCI President Nasir Mirza likewise spoke on the occasion and stressed the value of Bangladesh being a key person in the South Asian Association for Regional Cooperation (Saarc) bloc. He explained that the chamber was prepared to cooperate in trade of delegations and retaining bilateral business conferences.
Highlighting regions of cooperation between the two sides, Mirza explained that bilateral ties could possibly be promoted in the fields of tourism, education, agriculture, IT and pharmaceutical. “Bangladeshi investors can take advantage of investment options in Pakistan,” he added.
Regardless of the general unfriendly political environment, trade has been considered one of the primary factors raising hopes of thawing the otherwise cold romance of Bangladesh and Pakistan. It is hoped that this meeting would pave way for cordial relations between your two countries.
Source: https://www.globalvillagespace.com
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