Trade relations: Pakistan can benefit by direct export to Brazil

Ambassador suggests Brazil can help Pakistan in renewable energy sector

ISLAMABAD: Brazil is keen to boost bilateral trade with Pakistan as both countries have great potential to enhance trade in several sectors.

This was stated by Brazil’s Ambassador Claudio Raja Gabaglia Lins while addressing the business community at the Islamabad Chamber of Commerce and Industry (ICCI) on Monday.

Lins said that Pakistan was producing a number of products which were in high demand in Brazil and stressed that Pakistani exporters should make more efforts to enhance their exports to Brazil.

In this regard, he pointed out that a number of Pakistani products were entering Europe were then being resold to other countries, including Brazil at higher prices. This, he said, was an opportunity for Pakistani exporters to focus on when promoting direct exports to achieve better results.

He said that Brazil has great expertise in producing renewable energy since it was producing around 65 per cent of its energy from water and was using ethanol along with biofuels instead of costly petroleum products.

Lins said that Pakistan has enormous potential for hydropower generation while it was one of the largest sugar producers in the world. Thus Brazil could cooperate with Pakistan for energy production from renewable sources including hydro and ethanol sources.

Furthermore, he added that Pakistan also has great potential for tourism and it should focus on improving road infrastructure and air service to its tourist resorts for attracting more tourists from around the world including Brazil.

Published in The Express Tribune, November 27^th, 2018.