Sunday, May 5, 2013

PAK-BRAZIL TWO WAY TRADE NEEDS TO BE EXPAND



Brazil is the largest trade partner of Pakistan in Latin America this was stated by President Federation of Pakistan Chambers of Commerce and Industry while meeting with Mr.Alfredo Leoni, Ambassador of Brazil to Pakistan. He said that current volume of bilateral trade which is just US $ 102 million is not reflective of our relations and potential available in the two countries. He also emphasized to enhance both export and import from Pakistan and vise versa. Mr.Zubair Ahmed Malik informed that diplomatic relations between Pakistan and Brazil were established in 1952 since then both countries are enjoying cordial relations.
The meeting between President FPCCI and Brazilian Ambassador discussed various issues and emphasized to promote market economy. They also discussed possibility of joint ventures in various feasible sectors including Halal food, information technology; poultry etc. at present trade between the two countries is carried out via third country from Au Dhabi or Istanbul due to no direct flight from Pakistan. Both countries should also rationalize trade rules and tariff to promote trade.
Mr.Alfredo Leoni informed that Brazilian Businessmen are reluctant to visit Pakistan due to bad impression created by Media but he believes that ground reality is quite different. He emphasized that both countries should make joint efforts to over come extremism and terrorism. He informed that Brazil imports football from Sialkot, Pakistan. He also informed that Brazil will host 2014 Football World Cup. He also said that Brazil is the largest beef and meat exporter to South America. 
The commercial section of Brazilian Embassy which also includes Pakistani attended the meting and Mr.Zubair Ahmed Malik; President FPCCI suggested them to cooperate to enhance bilateral relation between Pakistan and Brazil. Mr.Zubair Ahmed Malik also proposed to form Pak-Brazil Joint Business Council. The meeting also attended by Col (R) Irfan Kayani a leading Businessmen dealing with Brazil, Mr.Malik Suhail Hussain, Chairman Diplomatic Affairs, Media and Public relation FPCCI Capital Office.

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