ICCI for focusing on empowerment of women
read more

ICCI and UNIDO organize Investors Connect Program
read more

Standards Compliance to help promote business
read more

Call for promoting Pak-Nigeria bilateral trade
read more

Govt. to pass rent control bill into law during cu
read more

Events Calendar

Urgent Attention
Press Statements
Photo Gallery
This Week Events

    No Events available
view past events
Latest News
view past news
Press Statements
  Important Links
South Africa wants to enhance trade with Pakistan November 18, 2014
Meeting at ICCI
H.E. Mr.Mpendulo Kumalo, High Commissioner of South Africa vowed to make all-out efforts to boost bilateral trade between Pakistan and South Africa as the two countries possess good potential to enhance cooperation in multiple fields of business and economy. He was addressing business community during his visit to Islamabad Chamber of Commerce & Industry. 
He said South Africa offered attractive incentives to foreign investors and due to which almost all world giant companies had set up manufacturing facilities in his country. He said protection tariffs in textile were very high in South Africa, however, it was a golden opportunity for Pakistan investors to set up textile units in South Africa and promote exports to South American and other world markets. 
He said South Africa was very strong in mining with great expertise and advanced technology and Pakistan could better exploit its mineral resources by promoting cooperation in this field with South Africa. The envoy said that South African investors would also be motivated to explore Pakistan for investment in various fields. He said South African customers were very choosy and Pakistan should export products that should meet high quality standards to achieve better results. He assured to facilitate Pakistani businessmen in exploring South Arica for business opportunities.
In his welcome address, M. Shakeel Munir, Acting President, Islamabad Chamber of Commerce & Industry said that trade between the two countries was very nominal as South Africa's trade with world was $75 to $80bn while its trade with Pakistan was less than one per cent of its total trade despite the fact that there was a great potential to improve it. He said both countries should encourage frequent exchange of trade delegations to find out new avenues of mutual cooperation.
He said many Pakistani products including textiles, pharmaceutical and marble etc. could find better market in South Africa and it should try to enhance their import from Pakistan. He said close cooperation between the two countries would be very beneficial for their economics as Pakistan was a gateway to huge South Asian Market for South Africa and similarly, South Africa was a gateway to African Market and Pakistani entrepreneurs. 
He said of the view that exhibitions of products was an effective tool to promote exports and both countries should facilitate businessmen in organizing such events to improve bilateral trade. He said South African High Commission should share business related information with Chambers of Commerce, which would help in strengthening trade relations. 

ICCI Collaborators and MoU Signing Organizations