Belarus wants to broaden trade with Pakistan

September 22, 2014 Off By Web Desk

Islamabad: Belarus is interested in broadening trade with Pakistan as both countries have good potential to expand bilateral trade and economic relations in multiple fields, said Mr. Andrei Ermolovich, the newly appointed Ambassador of Belarus to Pakistan.

He was interacting with businessmen during his visit to Islamabad Chamber of Commerce & Industry. He said for the first time Embassy of Belarus was being established in Pakistan.

He said the exports of Belarus to Pakistan are confined to limited items including tractors, their tyres & spare parts, chemical fibres, and petro chemicals and identified agriculture, energy, IT, steel & furniture etc. as the other potential areas of cooperation between the two countries.

He said Chambers of Commerce of Pakistan and Belarus should enhance direct interactions and sign MoUs to explore new areas of mutual collaboration.

He was hopeful that planned establishment of railway links between Pakistan and Turkey will greatly facilitate promotion of trade between Pakistan and Belarus as it will shorten the trade route and provide better access to Pakistan to Scandinavian countries.

In his welcome address, Shaban Khalid, President, Islamabad Chamber of Commerce & Industry said that Pakistan is looking for new markets & trade partners and the government has offered attractive incentives to foreign investors and added that it is high time for the companies of Belarus to explore Pakistan for investment and joint ventures in areas of mutual interest.

He said Pakistan has lot of potential for steel industry while Belarus is producing sophisticated and value added steel products and it should consider setting up steel manufacturing plants in Pakistan to achieve lucrative returns.

He said Pakistan is trying to establish road links with Afghanistan and Central Asian countries and improved relations of Belarus with Pakistan would provide it easy access to these huge markets.

He urged that Pakistan and Belarus should facilitate their private sectors in establishing direct contacts, which is the best way to improve bilateral business relations.

Both countries should encourage frequent exchange of trade delegations to fully tap all untapped areas of mutual cooperation. He assured that ICCI would like to work with Embassy of Belarus in Pakistan for bringing both countries even closer in areas of potential cooperation.

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