Roshan Taj, Re­search Fel­low at In­sti­tute of Peace and Diplo­matic Stud­ies

The Diplomatic Insight - - Editor's Note -

n the wake of con­tem­po­rary geo pol­i­tics, bi­lat­eral re­la­tions be­tween the two coun­tries de­ter­mine the strength of cor­dial­ity, ar­eas of con­ver­gence and di­ver­gence cou­pled with chal­lenges be­tween the two na­tions. The for­eign pol­icy of Pak­istan sets out in the way it in­ter­acts with for­eign na­tions and to de­ter­mine its stan­dard of in­ter­ac­tions for its or­ga­ni­za­tions, cor­po­ra­tions and in­di­vid­ual ci­ti­zens. Lo­cated in the South West of Europe Por­tu­gal won its In­de­pen­dence in 1143. De­spite, Pak­istan be­ing es­tab­lished as an Is­lamic state, the dif­fer­ence of ide­ol­ogy, with out­look, never ham­pered the course of their friendly ties. The pa­per man­i­folds com­mon­al­ties be­tween the two coun­tries which have been re­in­forced by to fur­ther deepen mu­tual co­op­er­a­tion in state re­la­tions Pak­istan has lib­er­al­ized its econ­omy and is suc­cess­fully march­ing to­wards mar­ket econ­omy. Pak­istan im­por­tance on the global mar­ket fur­ther gained mo­men­tum af­ter the grant of Gen­er­al­ized Sys­tem of Pref­er­ences (GSP) Plus sta­tus to Pak­istan ef­fec­tive from 2014. Re­sul­tantly ,there has been an ad­di­tional in­crease in im­ports. Ex­ports from Pak­istan to the Euro­pean Union (EU). This op­por­tu­nity also paved the way for en­hanced bi­lat­eral co­op­er­a­tion be­tween the two states in and ed­u­ca­tion. Por­tu­gal comes at the eighth place among the top ex­port­ing des­ti­na­tions and at 12th place among the top im­port­ing mem­ber states of the Euro­pean Union (EU). Por­tu­gal Chargé D’ Affairs H.E Mr.João Paulo Sabido Costa em­pha­sized the im­por­tance of Pak­istan by ad­dress­ing that, Por­tu­gal will help pak­istan in get­ting easy mar­ket ac­cess to EU mar­kets. Con­tribut­ing to en­hance bi­lat­eral co­op­er­a­tion in trade and en­ergy a re­cent meet­ing be­tween Speaker Na­tional Assem­bly Sar­dar Ayaz Sadiq and Por­tuguese Chargé D’ Affairs ,João Paulo Marques Sabido Costa in Is­lam­abad. The Speaker un­der­lined the need for reg­u­lar ex­change of Par­lia­men­tary del­e­ga­tions to fa­cil­i­tate com­pre­hen­sive bi­lat­eral en­gage­ments. Nev­er­the­less, there is a dire need to take new ini­tia­tives by both coun­tries to im­prove bi­lat­eral trade as the cur­rent vol­ume of two- way trade is far be­low their true po­ten­tial. How­ever, over the last few years, both coun­tries have made con­scious and sus­tained ef­forts to im­prove their eco­nomic re­la­tions. The fo­cus should be on di­ver­si­fy­ing co­op­er­a­tion to achieve pos­si­bil­i­ties for en­hanc­ing bi­lat­eral trade and eco­nomic re­la­tion be­tween Pak­istan and Por­tu­gal.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.