Islamabad
Pakistan and the United Arab Emirates (UAE) have a great potential to further improve bilateral trade and the UAE wants to work on a new economic roadmap with Pakistan to take bilateral trade and economic relations to higher levels.
This was stated by ambassador of the UAE to Pakistan Hamad Obaid Ibrahim Salem Alzaabi, while exchanging views with Islamabad Chamber of Commerce and Industry (CCI) President Sardar Yasir Ilyas Khan.
The diplomat visited CCI on Wednesday and exchanged views to explore trade opportunities between both the countries.
The UAE ambassador said that he visited Faisalabad and Sialkot and saw that Pakistan has great potential to export many products to the UAE.
He urged that Pakistani manufacturers to do proper marketing of their exportable products to boost exports up to their actual potential. “Pakistan helped the UAE in food security during Covid-19 pandemic.” Alzaabi went on to say that Pakistani meat products are going to Jordan and other countries from the UAE, which showed that Pakistan could make a significant increase in its exports by getting better penetration in the UAE market.
The UAE-India bilateral trade is around $75 billion, but the UAE-Pakistan bilateral trade is around $14 billion, which is quite less than the actual potential of both countries and more efforts are needed to enhance it, he added.
The envoy said that Pakistan should improve its legal framework and formulate more business friendly policies to attract more FDI from the UAE.—APP
