Business Politics

Maldives can offer trade opportunities to Pakistani businessmen: Bari Abdulla – UrduPoint News

Member of Maldivian Parliament Abdul Bari Abdulla has said that the businessmen of his country are very much interested in enhancing economic cooperation and bilateral trade with Pakistan.

KARACHI, (UrduPoint / Pakistan Point News – 22nd Dec 2018): Member of Maldivian Parliament Abdul Bari Abdulla has said that the businessmen of his country are very much interested in enhancing economic cooperation and bilateral trade with Pakistan.

Talking to the local businessmen at a meeting held here at the Karachi Chamber of Commerce and Industry (KCCI), he said that the Maldives can offer a lot of opportunities to businessmen and industrialists of Pakistan who must frequently visit the Maldives to explore opportunities of enhancing bilateral trade in different sectors of the economy.

“We are not producers but largely importers whereas Pakistan, being a producing country, can provide many goods and services to Maldives therefore the Pakistani business community should focus on improving linkages with Maldivians by holding the maximum number of B2B meetings which would certainly prove favourable for both the countries”, he added President KCCI Junaid Esmail Makda, Senior Vice President Khurram Shahzad, Chairman of KCCI’s Subcommittee for Diplomatic Missions and Embassies Liaison Shamoon Zaki, Former President Majyd Aziz and KCCI Managing Committee Members attended the meeting.

Abdul Bari Abdulla, who led a Maldivian delegation, said that the Maldives has mostly been importing rice, fruits and vegetables from Pakistan but many other products particularly textiles, cotton and agricultural commodities can also be exported to the Maldives.

He said that there were a lot of misconceptions amongst Maldivians about the security situation in Pakistan but it is as safe as Indonesia, Sri Lanka, India and many other countries in the region.

While appreciating the hospitality extended to the Maldivian delegation by Karachi Chamber and other trade associations, he reiterated that the business and industrial community of Karachi should visit the Maldives in order to review the opportunities for enhancing trade.

“This is the right time to strengthen cooperation between Pakistan and Maldives as new governments have recently assumed charge in both countries”, he added.

President KCCI Junaid Esmail Makda, in his remarks, stated that the economic relations with the Maldives are minimal due to lack of direct shipping services between the two countries.

It was a matter of concerns that the trade remains very limited despite the fact that the two countries are members of South Asian Free Trade Areas (SAFTA) Agreement.

He mentioned that trade volume between Pakistan and Maldives stood at a mere $7.22 million which requires collective efforts.

“In this regard, I would like to stress the need to effectively utilize Trade platforms and trade promotion events while effective utilization of SAFTA agreement can prove beneficial for both countries”, he added.

Makda emphasized that the KCCI wants to promote business, mutual understanding and friendly relations between the business communities of Pakistan and Maldives.

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Source URL: Google News

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