ISLAMABAD: Azerbaijan Ambassador Ali Alizada has said that bilateral trade with Pakistan spiked three times in 2016, but a lot more potential still existed for making improvements.
He said this while accompanying a 16-company delegation of Azerbaijan, led by Export and Investment Promotion Foundation Vice Chairman Yousif Abdullah, which visited the Islamabad Chamber of Commerce and Industry (ICCI) to discuss and explore opportunities of business collaboration.
Alizada emphasised that the leadership of both countries was determined to forge strong trade and economic relations, which was reaffirmed during the visit of Prime Minister Nawaz Sharif and Commerce Minister Khurram Dastgir to Azerbaijan last year.
He voiced hope that the Azerbaijan delegation’s trip to Pakistan would help in exploring new areas of mutual cooperation.
The delegation represented varying sectors including oil and gas, steel, transport, food processing, farming, trade, packaging and paper, fruits and vegetables, milk and dairy products, chocolate, hospitality, furniture, cosmetics, mineral water, cotton and others.
Yousif Abdullah declared that many companies of Azerbaijan were interested in doing business with Pakistan. “The purpose of their sojourn is to study Pakistan’s market and explore opportunities of business collaboration in agriculture and other fields,” he said.
Azerbaijan offers incentives to foreign investors and provides a seven-year tax holiday for investment in the Industrial and Technology Park.
Earlier, ICCI Senior Vice President Khalid Malik said bilateral trade was not up to the desired level and Pakistan could export readymade garments, cotton products, engineering and consumer goods, pharmaceuticals, rice, textile fabrics and other products.
Published in The Express Tribune, February 10th, 2017.
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