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Expand trade with Australia: High Commissioner
12
Oct '09
The business community of Pakistan needs to take more efficient efforts to explore Australia for trade expansion as it is a thriving economy of Asia Pacific region and can prove as a potential market for Pakistan, stated Ms. Fauzia Nasreen, the High Commissioner-designate to Australia, while, speaking to the business community at Islamabad Chamber of Commerce and Industry.

Though various Australian companies such as BHP Billiton, Clough Limited and the Snowy Mountains Engineering Corporation are already doing business in Pakistan, the business community in country should try to attract more joint ventures and investments by improving interaction with Australian counterparts, she added.

Ms. Nasreen assured the business persons of the country, that she will take all possible efforts to offer them facilitation services to enhance two-way trade. Businessmen should focus on quality and value-addition of the products to have better stand in Australian markets, she emphasized.

Further she added that diversification of export products is essential for enjoying better share in the region. She informed that receiving input from direct stakeholders and knowing about their proposals and suggestions regarding trade improvement with Australia were her major objectives behind paying visit to ICCI.

President, Islamabad Chamber of Commerce and Industry (ICCI), Mr. Zahid Maqbool mentioned during the event that last year bilateral trade between the two countries was just about $596 million, so there is a need to encourage frequent exchange of business delegations among both the countries to improve trade and economic relations between the two.

He further said that, Pakistani Commercial Counselors in foreign countries should spot various business prospects for Pakistan and try to establish their rapport with Chambers to facilitate businessmen to promote country's international trade as Pakistani exports to Australia are limited to few products such as textiles, clothing, cotton and woven fabrics.

Australia should assist Pakistan to improve its agricultural productivity, and the sectors such as building and construction, mining, health are potential sectors of Pakistan's economy for Australian investors, hence there is need to promote country's image in these sectors, added Mr. Maqbool.

Fibre2fashion News Desk - India

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