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Boosting Bangladesh-Pakistan bilateral trade & investment urged
High Commissioner of Pakistan to Bangladesh H.E. Imran Ahmed Siddiqui called on DCCI President Shams Mahmud at DCCI office on 4 th November, 2020. Both of them discussed issues relating to bilateral trade and investment.
During the discussion, DCCI President Shams Mahmud said in 2019-20 the bilateral trade between Bangladesh and Pakistan was USD 543.90 million out of which Bangladesh’s export to Pakistan was USD 50.54 million and Pakistan’s export to Bangladesh was USD 493.36 million. He said there are opportunities to expedite both-way trade and explore new avenues of investment but for that the existing trade barriers need to be removed. He requested the importers of Pakistan to import jute, jute goods, IT and IT enabled services, pharmaceuticals, ceramics, ready-made garments, leather & leather products and agro- food. He also urged to strengthen chamber to chamber relation, regular exchange of trade missions, organizing trade fairs, B2B and road-show to boost the bilateral trade. Easing business visa process and removing tariff and non-tariff barriers will also facilitate more business to business interactions, he told.
H.E. Imran Ahmed Siddiqui, High Commissioner of Pakistan to Bangladesh said recently Bangladesh has achieved tremendous growth in the IT and IT enabled service sector. Utilizing this capacity and skill, he urged Bangladeshi entrepreneurs to invest in Pakistan. He also requested Bangladeshi industrialists to import various industry raw materials and textiles from Pakistan. He said Bangladeshi investors in Pakistan can enjoy the advantage of China-Pakistan Economic Corridor (CPEC) reaching their goods to China, central Asia and Russia easily at a cheaper rate. He also emphasized on joint collaboration especially in the research and technology/expertise transfer.
Senior Vice President, DCCI NKA Mobin, FCA, FCS, Vice President Mohammad Bashiruddin, Commercial Secretary of Pakistan High Commission Muhammad Suleman Khan and Commercial Assistant Ghulam Nabi were also present during the meeting.
Published on: 2020-11-05