Kenyan HC for rais­ing trade vol­ume to $2b

The Pak Banker - - NATIONAL -

High Com­mis­sioner of Re­pub­lic of Kenya, Pro­fes­sor Julius Ki­bet Bi­tok has said that trade vol­ume be­tween Pak­istan and Kenya cur­rently stood at around US$600 mil­lion but there was a huge po­ten­tial and ef­forts must be made from both sides to in­crease the ex­ist­ing vol­ume to some­where in be­tween US$1 to US$2 bil­lion in the next cou­ple of years.

"In this re­gard, the busi­ness com­mu­ni­ties of both sides need to be en­cour­aged and we must fo­cus on trade del­e­ga­tions' vis­its along with par­tic­i­pa­tion in trade fairs in or­der to at­tain pos­i­tive re­sults", he added.

Ex­chang­ing views with KCCI Of­fice Bear­ers and Man­ag­ing Com­mit­tee mem­bers at a meet­ing dur­ing his visit to the Karachi Cham­ber of Com­merce and In­dus­try (KCCI), the High Com­mis­sioner added that Pak­istan and Kenya have been en­joy­ing cor­dial re­la­tions which were mainly driven by im­proved trade from Karachi which was the fo­cal point be­tween the busi­ness com­mu­ni­ties of the two coun­tries.

Pres­i­dent KCCI Younus Muham­mad Bashir, Se­nior Vice Pres­i­dent KCCI Zia Ahmed Khan, Vice Pres­i­dent KCCI Muham­mad Naeem Sharif, Hon­orary Consul Gen­eral of Kenya Muham­mad Hanif Janoo, For­mer SVP KCCI Shamim Ahmed Firpo and KCCI Man­ag­ing Com­mit­tee mem­bers were present at the meet­ing.

Un­der­scor­ing the need to di­ver­sify ex­ports, Kenyan High Com­mis­sioner said that cur­rently trade be­tween the two coun­tries re­mains lim­ited to tra­di­tional items only as Kenya has been mostly im­port­ing Bas­mati Rice from Pak­istan whereas Pak­istan usu­ally im­ports Tea from Kenya. He said that Pak­istani busi­ness com­mu­nity can also ben­e­fit from Kenya's strate­gic lo­ca­tion which gives easy ac­cess to dif­fer­ent mar­kets in Tan­za­nia, Uganda, Rwanda, South Su­dan, Mozam­bique and many other im­por­tant coun­tries in the re­gion.

Ex­tend­ing full sup­port and co­op­er­a­tion to the busi­ness and in­dus­trial com­mu­nity of Karachi in fa­cil­i­tat­ing their vis­its to Kenya, he said that many Pak­istani have been liv­ing and suc­cess­fully do­ing busi­ness in Kenya. "We are very much avail­able with a view to build strong bi­lat­eral re­la­tions be­tween the busi­ness com­mu­ni­ties of the two coun­tries", he added.

He also in­vited the Karachi Cham­ber to par­tic­i­pate in Nairobi In­ter­na­tional Trade Fair sched­uled to be or­ga­nized in Nairobi from Septem­ber 29th to Oc­to­ber 5th, 2016 in which ex­hibitors from many coun­tries around the world will also be par­tic­i­pat­ing. He said that this ex­hi­bi­tion dis­plays a wide spec­trum prod­ucts and ser­vices and it will cer­tainly be an ef­fec­tive plat­form for pro­mot­ing Pak­istani prod­ucts in the African re­gion.

Ear­lier, Pres­i­dent KCCI Younus Muham­mad Bashir, in his wel­come re­marks, stated that Karachi of­fers im­mense op­por­tu­ni­ties for un­der­tak­ing joint ven­tures to Kenyan busi­ness com­mu­nity who must en­hance their link­ages with the Busi­ness and In­dus­trial Com­mu­nity of Karachi.

He said that Karachi Cham­ber was keen to strengthen trade ties and ex­plor­ing new bi­lat­eral trade prospects as huge po­ten­tial to fur­ther en­hance bi­lat­eral trade re­la­tions ex­ist be­tween the two coun­tries. "Pak­istan can ex­port its phar­ma­ceu­ti­cal and sur­gi­cal items, sport goods and farm ma­chin­ery whereas our ex­porters can also ap­proach the Kenyan mar­ket of 150 mil­lion peo­ple for in­creas­ing ex­ports of Knit­ted and Non-Knit­ted Ar­ti­cles of Ap­parel and Ac­ces­sories", he added.

He pointed out that dur­ing Fis­cal Year 2015, Pak­istan ex­ported goods worth $286 mil­lion to Kenya whereas its im­ports stood at $278 mil­lion, de­pict­ing a trade vol­ume of around US$600 mil­lion.

Younus fur­ther un­der­scored the need to im­prove Cham­ber-to-Cham­ber link­ages, en­cour­age trade pro­mo­tional ac­tiv­i­ties, un­der­take trade and in­vest­ment del­e­ga­tions' vis­its and or­ga­nize trade fairs and ex­hi­bi­tions etc. in both coun­tries which would bring the busi­ness com­mu­ni­ties of Pak­istan and Kenya closer.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.