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Mauritius to open consulate in Pakistan's textile hub
01
May '13
Viewing Pakistan’s Faisalabad as a vibrant textile city with great business opportunities, Mauritius Government has decided to set up its consulate in the city, just like it has in Karachi and Lahore, High Commissioner of Mauritius Mohammad Rashad Daureeawo has said.
 
Speaking to the Faisalabad Chamber of Commerce and Industry (FCCI) members, Mr. Daureeawo said they eye great prospects for trade and joint ventures between the two nations, and hence Mauritius has decided to launch a consulate in Faisalabad too.
 
Calling on the FICCI members to send a delegation to Mauritius to explore trade opportunities by holding trade talks between entrepreneurs of the two countries, he said Mauritius even has an access to and a strong hold in the dynamic African market, with several pro-business policies in place. 
 
He invited Pakistani industrialists to enter into joint ventures with their counterparts in the Mauritius Exclusive Economic Zones, which would earn them an open access to export their goods to African countries.
 
FCCI acting president Muhammad Boota said Pakistan shipped around US$ 37 million worth of goods to Mauritius in 2011, and imported goods worth US$ 3.5 million from there.
 
He noted that according to a trade analysis, in spite of good opportunities and potential of both the countries, bilateral trade between the two economies has weakened over the past few years. Hence, it is expected of both the Governments to make efforts to once again boost the bilateral trade, he added.
 
He said Pakistani products, especially textiles, well-match the global quality norms and has good potential for further making inroads in the Mauritius market. 
 
Recently, negotiations have been launched by the Mauritius-Pakistan Joint Working Group to expedite inking of a free trade agreement (FTA) aimed at boosting trade between the two nations.
 

Fibre2fashion News Desk - India

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