According to UAE Ambassador to Pakistan Hamad Obaid Ibrahim Salem Alzaabi,Pakistan and the United Arab Emirates have massive potential to bolsterbilateral trade. He expressed that the UAE was willing to work withPakistan on creating a new economic roadmap to take their bilateral tradeand economic relations to the next level.
The envoy made these comments *during a meeting*linkwithIslamabad Chamber of Commerce and Industry (CCI) President Sardar YasirIlyas Khan. The two dignitaries exchanged views on trade relationshipsbetween the two countries and discussed the possibility of exploringfurther opportunities for boosting bilateral trade.
The UAE ambassador said that he visited Faisalabad and Sialkot and saw thatPakistan has great potential to export many products to the UAE.
He encouraged Pakistani manufacturers to properly market their exportableproducts to boost exports up to their actual potential.
Alzaabi went on to say that Pakistani meat products are going to Jordan andother countries from the UAE, which showed that Pakistan could make asignificant increase in its exports by getting better penetration in theUAE market.
In a comparison with India, the envoy talked about how the UAE-Indiabilateral trade is worth around $75 billion, but the UAE-Pakistan trade isworth just around $14 billion. This further underscored his point thatUAE-Pakistan trade wasn’t quite living up to its true potential and thatboth countries need to make efforts to enhance it.
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The envoy said that Pakistan should improve its legal framework andformulate more business friendly policies to attract more FDI from the UAE.
“*The Pakistan Business Council UAE should play a more proactive role inimproving bilateral trade and investment relations between the twocountries**,*” he commented.
He said that more than 7,000 Pakistani companies are registered in the UAEand he “is ready to play a role to address the challenges being faced bythem in his country”.
Source:link
