UNB, DHAKA,
Pakistan has expressed strong interest in strengthening bilateral trading ties with Bangladesh, said Pakistan’s Federal Minister for Commerce Jam Kamal Khan.
He shared the interest during a meeting with President of the Dhaka Chamber of Commerce & Industry (DCCI), Taskeen Ahmed in Dhaka, said a press release issued on Thursday.
During the meeting Khan said that both Bangladesh and Pakistan predominantly rely on the apparel and textile sectors in terms of export.
To make export sector robust he also underscored the importance of diversification of exportable products.
He pointed out that in Europe, Canada and even in the United States, recently the demand for re-used clothes has surged a lot and it is getting popularity gradually.
Entrepreneurs of both Pakistan and Bangladesh can collaborate to tap this huge market.
He further said that there is an ample opportunity for both countries to work together in expanding exports to Africa, East Africa and Central Asian countries.
He later said that both Pakistan and Bangladesh itself have a large consumer market to explore.
The visiting commerce minister also noted that Pakistan has been performing well in manufacturing cement, sugar, footwear, and leather sectors, hence Bangladesh could consider importing these products from Pakistan.
He also said that Bangladesh has excelled in the pharmaceutical sector in the recent past and exchange of Bangladesh’s expertise with Pakistan especially in this sector would help a lot to grow the same sector in Pakistan.
He also highlighted that if both countries quickly adopt new technologies and enhance value addition in the agriculture sector, Bangladesh and Pakistan would be able to tap the billion-dollar global market.
He also mentioned that a ‘Single Country Exhibition’ of Pakistani products will soon be organised in Bangladesh, which will help strengthen bilateral relations between the private sectors of the two countries.
Meanwhile, DCCI President Taskeen Ahmed said that people of both countries share many similarities in terms of culture, food and lifestyle.
Mentioning that Pakistan’s textiles and jewelry products have a great demand in Bangladesh, Taskeen said that Bangladesh’s private sector has consistently urged the government to sign Free Trade Agreements (FTAs) with different potential countries to promote trade and investment and an FTA between Bangladesh and Pakistan would further expand bilateral trade.
Direct passenger and cargo flights would enhance business connectivity between the two countries, he added.
Pakistan’s High Commissioner to Bangladesh Imran Haider, DCCI Senior Vice President Razeev H Chowdhury, Vice President Md Salem Sulaiman, members of the board of Directors and senior officials of the Pakistan High Commission in Bangladesh were also present during the meeting.
