During a visit to the Karachi Chamber of Commerce and Industry (KCCI), the Argentinian Ambassador, Rodolfo J Martin Saravia said that the trade volume between Argentina and Pakistan needs to be enhanced and collective efforts from both sides could benefit industries such as agriculture.
The ambassador said that the business communities of both the countries must work together for improving trade ties by regularly participating in exhibitions, organising trade delegations’ visits and other such trade promotional activities in both the countries.
The Argentinean ambassador stated that the agriculture sector should be explored and Pakistan could benefit from the Argentinean know-how and expertise. He said the technology being used in the Argentinian agriculture sector could also be transferred to Pakistan.
During fiscal year 2015, Pakistan’s export to Argentina experienced a decline of 21 per cent as goods of $44 million were exported as against exports of $53 million in the same period of last fiscal year 2014. On the other hand, the country’s imports from Argentina doubled to $141 million from imports of $71 million in the preceding year.
“There is a dire need to make collective efforts for improving the meager trade volume between the two countries. In this regard, strategies must be devised with a particular focus on bringing the business communities closer which was the only way forward and the Karachi Chamber is ready to play its role in attaining this objective,” he added.
He pointed out that there was a huge potential for enhancing bilateral trade relations between Argentina and Pakistan. “Pakistan also has great potential for the exports of fruits and vegetables to Argentina; therefore fruit processing plants can be developed on modern lines to meet the demand,” he added.
