Mau­ri­tius of­fers huge op­por­tu­ni­ties to Pak­istani busi­ness­men

The Pak Banker - - Front Page - Staff Re­porter

LAHORE

Mau­ri­tius, for be­ing a gate­way to Africa, has huge scope for Pak­istani fur­ni­ture, phar­ma­ceu­ti­cals, tex­tiles, tiles & sain­tary­ware, car­pets and man­goes and these mar­velous op­por­tu­ni­ties must be tapped.

This was stated by the High Com­mis­sioner of Mau­ri­tius Muham­mad Rashad Dau­reeawo while talk­ing to LCCI Pres­i­dent Fa­rooq Iftikhar here at the Lahore Cham­ber of Com­merce and In­dus­try on Tues­day.

LCCI Vice Pres­i­dent Mian Abuzar Shad, Hon­orary Con­sul of Mau­ri­tius Shahid Sethi, Ex­ec­u­tive Com­mit­tee Mem­bers Mian Zahid Javaid Ah­mad, Shoaib Zahid Ma­lik, Iftikhar Bashir Chaudhry and for­mer Vice Pres­i­dent Shafqat Saeed Piracha also spoke on the oc­ca­sion.

The High Com­mis­sioner, while call­ing for a con­struc­tive col­lab­o­ra­tion be­tween the LCCI and Cham­bers of Com­merce in Mau­ri­tius, said that Mau­ri­tius wants to fur­ther strengthen eco­nomic ties with Pak­istan through the ex­pan­sion of al­ready signed Pref­er­en­tial Trade Agree­ment to var­i­ous fields.

He said that Mau­ri­tius tops World Bank Ease of Do­ing Busi­ness Rank­ing be­cause it is not only the tax regime that is very soft and en­cour­ag­ing but there is no red tapism in the coun­try and any for­eign com­pany can get reg­is­tra­tion in just three days time.

He said that le­gal frame­work for res­o­lu­tion of tradere­lated dis­putes is very strong in Mau­ri­tius that is also a big ad­van­tage to the for­eign busi­ness­men want to do busi­ness with their coun­ter­parts in that part of the world.

The High Com­mis­sioner also called for ex­change of sec­tor-spe­cific del­e­ga­tions to jack-up bi­lat­eral trade and dis­sem­i­na­tion of trade-re­lated in­for­ma­tion. He said since Mau­ri­tius is a gate­way to African coun­tries there­fore of­fers huge op­por­tu­ni­ties to Pak­istani busi­ness­men de­sirous of win­ning those mar­kets.

The High Com­mis­sioner added that his coun­try is an at­trac­tive tourist des­ti­na­tion there­fore any in­vest­ment or a joint ven­ture would be a win­win sit­u­a­tion for both the coun­tries. The coun­try has a pop­u­la­tion of only 1.3 mil­lion but at­tracts around one mil­lion tourists an­nu­ally. "This is due to peace­ful and tol­er­ant en­vi­ron­ment," he added.

Speak­ing on the oc­ca­sion, the LCCI Pres­i­dent Fa­rooq Iftikhar said that there is a huge scope for ex­pan­sion in trade and the pri­vate sec­tor has the re­spon­si­bil­ity to be a fron­trun­ner in cre­at­ing new av­enues of es­tab­lish­ing trade and in­vest­ments re­la­tions.

The LCCI Pres­i­dent said that sus­tain­able ef­forts are needed to give boost to bi­lat­eral trade that is much be­low the re­spec­tive po­ten­tial of the two coun­tries.

Fa­rooq Iftikhar said that the trade and in­vest­ment ties be­tween the two coun­tries are too weak and sim­ply call for ag­gres­sive mea­sures. He said that Pak­istani goods are best of the best in the world and has the po­ten­tial to win re­spectable place in Mau­ri­tius mar­ket.

He said that the PTA be­tween Mau­ri­tius and Pak­istan was signed in July 2007 and it is very en­cour­ag­ing that Mau­ri­tius-Pak­istan Joint Work­ing Group is now en­vis­ag­ing ne­go­ti­a­tions for a Free Trade Agree­ment that hope­fully would play a very use­ful role.

Speak­ing on the oc­ca­sion, the LCCI Vice Pres­i­dent Mian Abuzar Shad asked a num­ber of ques­tions re­gard­ing the level of busi­ness fa­cil­i­ta­tion and tax­a­tion sys­tem in Mau­ri­tius.

Pak­istan ex­ports to Mau­ri­tius com­prise rice, cot­ton yarn, wo­ven fab­ric, cot­ton fab­ric, bak­ery items and medica­ment mix­tures.

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