Need to enhance low trade volume between Pakistan, Myanmar stressed

Karachi, December 10, 2013 (PPI-OT): Pakistan and Myanmar must make joint efforts to enhance the existing low trade volume between the two countries. In this regard, the business communities of the two sides can play a leading role by focusing on undertaking joint ventures in various sectors of the economy.

This was highlighted during a meeting between KCCI Office Bearers and Ambassador of Republic of the Union of Myanmar, San Myint Oo who visited KCCI on Monday to exchange views on mutual interest. President KCCI, Abdullah Zaki, Vice Chairman of Businessmen Group, Anjum Nisar, Senior Vice President KCCI Muffasar A. Malik, Vice President KCCI Muhammad Idrees and other Managing Committee members also attended the meeting.

Speaking on the occasion, the Ambassador of Myanmar, while highlighting the overall exports and imports performances of Myanmar to various countries around the world, pointed out that Myanmar was currently exporting huge amount of high quality rice, corns, vegetables, and other edible products, which can also be exported to Pakistan.

Inviting Pakistani business community to invest in various sectors of Myanmar’s economy, he particularly informed that only 30 percent of the Myanmar’s population was currently using cellular phones whereas the massive 70 percent population remains untapped, which provides a lucrative opportunity to Pakistani businessmen to invest in communication sector.

While welcoming the Ambassador, President KCCI Abdullah Zaki said that Pakistan and Myanmar share healthy relation with each other as Pakistan exported goods to Myanmar worth $8.21 million in FY2013 against exports of$5.21 million during FY2012 whereas the goods imported by Pakistan from Myanmar during 2013 stood at $0.28 million against imports of $0.57 million during fiscal year 2012. “Trade balance remained in favour of Pakistan, thus both countries need to make serious efforts for significant increase in trade volume in coming years”, he added.

He was of the view that Pakistan and Myanmar hold significant unexplored trade potential in number of commodities which, if traded, can give boost to the bilateral trade relations. “We believe that bolstering bilateral relations and economic activities could help countries speedily grow and prosper on a sustainable basis”, he added.

He stressed the need for exchanging trade delegations, individual visits businessmen and officials, holding single-country exhibitions in each other’s countries coupled with joint ventures and better travelling facilities, which would pave way to be a great source of robustness of economies of both countries.

He also briefed the Ambassador about the overall configuration of KCCI and its membership strength of 19,000 indirect members whereas more than 50,000 indirect members are also affiliated with KCCI through seven of KCCI-affiliated trade bodies.

President KCCI hoped that Pak-Myanmar business and friendly relations shall continue to grow manifold in the days to come.

Speaking on the occasion, Vice Chairman of Businessmen Group and Former President KCCI, Anjum Nisar urged the exporters from Myanmar to enhance their exports to Pakistan which holds a massive middle-class population and was a perfect place for consumer goods from Myanmar. “It is high time to explore the possibilities of undertaking joint ventures in various fields, which will certainly prove beneficial for both countries”, he added.

For more information, contact:
M. Shafiq Baig
Public Relations Officer
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road,
Shahrah-e-Liaquat, Karachi-74000
Tel: +9221 9921 8001 -09
Fax: +9221 9921 8010

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