Pakistan, Australia to cement trade relations
LAHORE: Mrs Amanda Fazio, Chairperson State Senate New South Wales, Australia, has underlined the need for boosting trade relations between Australia and Pakistan as the meager volume of bilateral business does not reflect the cordial ties between the two countries.
Mrs Amanda Fazio, who was heading an eight-member strong Australian delegation, was speaking at the Lahore Chamber of Commerce and Industry on Monday. LCCI President Shahzad Ali Malik, Vice President Sohail Azhar, former Senior Vice President Abdul Basit, Chairman Skill Development Council Rematullah Javaid, LCCI Executive Committee Member Dr Shahid Raza, Pakistan Consul General in Sydney Hamid Asghar and Senior Vice President Pakistan Australia Business Council Kashif Amjad also spoke on the occasion. The head of the Australian delegation said that power generation, agriculture, livestock, sports goods, information technology, health and education are the key sectors wherein Pakistani businessmen can take advantage of Australian technological advancements to play their role in economic turnaround of the country.
Mrs Amanda Fazio said that Pakistan could avail Australian expertise in vocational training as Australian vocational training modules are best of the best in the world. She also stressed the need for frequent exchange of businessrelated delegations so that both the sides could have first-hand knowledge of the available opportunities. She said that Pakistani goods were best of the best in the world and has a very huge potential in Australian market.
She said that another Australian delegation relating to furniture would be visiting Pakistan in March 2011 to have first hand knowledge about the available opportunities in this particular sector as a sectorspecific focused approach could help give considerable boost to two-way trade. She said that Pakistan-Australia Business Council has also been formed that would primarily focus on increasing trade between Punjab and New South Wales.
Speaking on the occasion, the LCCI President Shahzad Ali Malik said that with extensive natural resources, including oil and natural gas reserves, the fourth-largest coal reserves in the world and potential for hydropower, Pakistan offers marvelous opportunities to Australian businessmen. The LCCI President said that there are prospects for growth in trade and investment particularly in the field of agribusiness, education, mining for oil and gas exploration, IT & Communications and development of processed foods etc. -Pr