Pakistan seeks increased trade with Malaysia in agriculture sector

  • April 07, 2013
A delegation of Islamabad Chamber of Commerce & Industry (ICCI) led by its President, Mr.Zafar Bakhtawari visited National Chamber of Commerce and Industry of Malaysia (NCCIM) and have a meeting with Mr.Ali Al-Atas, President of NCCIM.
Mr.Zafar Bakhtawari, President ICCI invited President of National Chamber of Commerce and Industry of Malaysia to attend ASEAN Capital Chambers Conference in Islamabad which would be organized by ICCI with the aim to promote mutually beneficial relation between Pakistan and ASEAN member states.
ICCI President said that Pakistan produces good quality and affordable agricultural product like Pakistani rice, wheat and mangoes have great demand in Malaysian markets. He stressed that there is a dire need to increase export of Pakistani products to Malaysia which would also improve bilateral trade relations further between the two countries.
He said that Pakistan has free trade agreement (FTA) with 3 countries that are Malaysia, China and Sri Lanka and Malaysia is the first Muslim country that have signed FTA with Pakistan which also reflects the importance of Malaysia for Pakistan. He further said that Malaysia should also help Pakistan in becoming full-dialogue partner in ASEAN regional bloc.  
Mr.Bakhtawari called on the Malaysian business community to take advantage of the vast Pakistani market and explore investment opportunities in agriculture, construction, livestock and dairy, energy, education, IT and the Halal industry sectors.
ICCI President was of the view that organizing joint cultural events was an option which could be used to bring the people of both nations closer to each other, as well as exploit untapped bilateral trade and investment potential in both countries.
Speaking on the occasion, Mr.Ali Al-Atas, President of National Chamber of Commerce and Industry of Malaysia said that business community of Pakistan should establish a base in Malaysia for attaining maximum trade benefits in ASEAN countries that would not only help in boosting trade activities but also prove beneficial for introducing Pakistani products in ASEAN countries. 
He said that Pakistani business community to actively participate in international conventions scheduled to be held in Malaysia in forthcoming months and also urged Pakistani businessmen to be more participative in terms of business activities in Malaysia to compete with other competitive markets. He also accepted the invitation of President of ICCI to attend ASEAN Capital Chambers Conference in Islamabad.
Mr.Munawar Mughal, former President and Chairman Expo Committee ICCI appreciated the organizers of Malaysia International Halal Showcase (MIHAS) Expo and expressed the desire to hold such an expo in Pakistan as well which would provide the opportunity to businessmen of both the countries to showcase their products.