Cuba keen to en­hance bi­lat­eral trade with Pak­istan - En­voy

The Pak Banker - - NATIONAL -

Gabriel Tiel Capote, Am­bas­sador of Cuba on Wed­nes­day said his coun­try was keen to en­hance trade re­la­tions with Pak­istan as both coun­tries have good po­ten­tial to pro­mote mu­tual co­op­er­a­tion in many ar­eas.

He said Pak­istan could ex­port tex­tiles, fab­rics, rice, sur­gi­cal in­stru­ments, leather and sports goods to Cuba while Cuba could ex­port its biotech­no­log­i­cal and phar­ma­ceu­ti­cal prod­ucts to Pak­istan. He ex­pressed th­ese views dur­ing his first in­ter­ac­tion with busi­ness com­mu­nity at Is­lam­abad Cham­ber of Com­merce and In­dus­try (ICCI) here. He said both coun­tries could achieve mu­tu­ally ben­e­fi­cial out­comes by en­hanc­ing co­op­er­a­tion in health, education, cul­ture and sports fields as well.

He said Cuba had opened Mariel Port in 2014 si­t­u­ated in its North Western Re­gion and cre­ated an Eco­nomic De­vel­op­ment Zone around this port to at­tract for­eign com­pa­nies in the fields of elec­tron­ics, chem­i­cals, com­put­ers, biotech­nol­ogy and phar­macy.

He said Pak­istani in­vestors should ex­plore in­vest­ment op­por­tu­ni­ties in this Eco­nomic Zone in Cuba. The Am­bas­sador said Cuba or­ga­nized Ha­vana In­ter­na­tional Fair ev­ery year which would held in Novem­ber this year and it was a good op­por­tu­nity for Pak­istani busi­ness­men to par­tic­i­pate in the fair to show­case their prod­ucts as well as iden­tify op­por­tu­ni­ties for fur­ther ex­pand­ing bi­lat­eral trade.

He sug­gested that ICCI should form a del­e­ga­tion of spe­cific sec­tors for Cuba to ex­plore busi­ness-match­mak­ings and as­sured that his Em­bassy would fa­cil­i­tate in con­nect­ing its mem­bers with right coun­ter­parts in Cuba.

In his wel­come ad­dress, Atif Ikram Sheikh, Pres­i­dent, ICCI said that bi­lat­eral trade be­tween Pak­istan and Cuba was just $5.6 mil­lion in 2015 which was not en­cour­ag­ing by any stan­dard. He said both coun­tries should fa­cil­i­tate fre­quent ex­change of trade del­e­ga­tions and fo­cus on pro­mot­ing con­nec­tiv­ity be­tween their pri­vate sec­tors to iden­tify new av­enues of mu­tual col­lab­o­ra­tion.

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