Secretary General (Federal) of the Businessmen Panel, Ahmad Jawad has said that Post Brexit is an opportunity for Pakistan in the year of 2020 to negotiate well with UK authorities for concessional tariffs on Pakistani goods.
“The Brexit happened at a time when United Kingdom already improves their travel advisory for Pakistan”. In a statement on Sunday, Ahmad Jawad said that Pakistan and UK have historic ties and an umbrella of common wealth too which must be seen in a greater economic diplomacy. U K-Pakistan bilateral trade in 2017 was £2.9 billion in which Pakistan have an edge. The UK is currently Pakistan’s third largest source of foreign direct investment, after China and the Netherlands.
Jawad said, “There are opportunities for British businesses to benefit by integrating Pakistani firms into their supply chains”. Pakistan is keen to expand and diversify its export base and is already competitive in products such as textiles, garments, surgical instruments, steel, and sporting goods and Under China’s Belt and Road Initiative, the China-Pakistan economic corridor (CPEC) is a collection of modern infrastructure projects including roads, rails and power plants for improving geographical connectivity in the region which may complement to British business community.” He also viewed trade envoy MP Rehman Chishti visited Pakistan several times in his appointment to boost UK-Pak trade relations post-Brexit.