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Pakistan eyes double trade with African countries in next 5 years

31 January, 2020 02:02

Pakistan eyes double trade with African countries in next 5 years, said Adviser to the PM on Commerce, Industries and Investment.

Abdul Razak Dawood said this while addressing to “Pak-Africa Trade Development Conference at Kenyan capital Nairobi Thursday.

Pakistan eyes double trade

According to PM”s adviser, Pakistan wants to double its trade with Africa countries.
He said Pakistan-Africa trade can easily be increased manifolds in coming years.
Dawood noted concrete opportunities that exist between the two sides that may help increase trade.
He said “Look Africa Policy Initiative” has already been put into motion and this is reflective of our broader policy towards Africa.
The adviser said both sides need to accelerate export diversification and product sophistication and make our trade more inclusive.
He said Pakistan is opening six new Trade Wings at Embassies in Africa to boost bilateral economic cooperation.
He said that these include Algeria, Egypt, Ethiopia, Senegal, Sudan and Tanzania.

Pakistan Africa Trade Development Conference

The two-day first ever Pakistan-Africa Trade Development Conference held under the aegis of Pakistan and Kenya jointly.
The dignitaries from other African States also are participating.
The Conference provides an important opportunity for Pakistani and African businesses to interface and identify the areas for enhanced engagement.

Furthermore, it remains an opportunity for them to develop proposals for customized economic collaboration.

Foreign Minister Qureshi and Adviser to the Prime Minister for Commerce, Trade and Investment Abdul Razak Dawood addressed the inaugural Session.



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