Pakistan-Argentina trade should be more focused: Argentinean Ambassador

Tremendous amount of economic, commercial and political activities between Argentina and Pakistan have to be taken place for enhancing bilateral trade relation between the business communities of both countries.Ambassador of Argentina, Rodolfo J Martin Saravia made these remarks while talking to President, Islamabad Chamber of Commerce and Industry, Yassar Sakhi Butt during his visit to ICCI.He exchanged views on common interests and agreed to strengthen economic relations between the two countries. Eduardo Bustamante, Commercial Counsellor of Argentina accompanied him was also present on the occasion. Rodolfo J Martin Saravia said that Argentina was a leading country in the use of compressed natural gas (CNG) and Pakistan was already importing CNG equipment from Argentina, adding that agriculture, alternative energy, pharmaceutical and CNG Buses for passengers could serve as key sectors for starting joint venture. In his welcome address, Yassar Sakhi Butt, President ICCI said that Pakistan is a very promising economy and an attractive investment destination, all sectors of the economy were open for investment with attractive incentives. He termed the annual bilateral trade between Argentina and Pakistan was very low which is around $1.06 billion and underlined the need to further improve it. He said that exchange of business delegations could be better option for exploring areas of common interest. The ICCI President said that by increasing people to people contract, bilateral trade between Pakistan and Argentina could be enhanced. He suggested that cooperation could be enhanced in energy, tourism, surgical, sports goods, textile, agro, pharmaceutical and marble sectors. He was of the view that there was a dire need to set up better communication between the chambers of commerce and various trade associations of both countries.