Portuguese and Pakistani to explore huge untapped market potential

YarnsandFibers News Bureau 2016-05-12 14:00:00 – Lahore

Mian Rehman Aziz, Regional Chairman and Vice President of the FPCCI during his meeting with Dr Joao Paulo Sabido Costa, Ambassador of Portugal to Pakistan at the FPCCI Regional Office Lahore on Wednesday said that Portugal comes at the eighth place among the top exporting destinations and at 12th place among the top importing member states of the European Union. GSP Plus status of Pakistan favours trade promotion with Portugal.

Discussing various matters of mutual interests during the meeting, Aziz further added that Portugal and Pakistan enjoys good diplomatic relations and there is a huge potential for two-way trade between the two countries.

Portuguese and Pakistani entrepreneurs need to start exploring the untapped market potential for all the traditional and non-traditional products, especially textile, agriculture, information technology, and sports goods that would be equally beneficial for the two countries.

Although, the trade balance is in favour of Pakistan and overall trade is also growing for the last three years, in particular, but its level needs to be enhanced.

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