KARACHI: As part of efforts to give a push to trade ties with the neighbour, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has announced that it will take part in two trade fairs in India this year.
The first will be the Chandigarh Fair which will be organised by the Confederation of Indian Industries (CII) from November 6 to 9, 2015 in Chandigarh.
The second will be the Pakistan Pavilions which the FPCCI will organise at the India International Trade Fair (IITF) from November 14 to 27 in New Delhi.
Both of these are said to be the major trade fairs of India where a large number of exhibitors and visitors come from member countries of the South Asian Association for Regional Cooperation (Saarc).
The FPCCI has sent a communication to its member bodies across Pakistan, inviting applications from interested members.
The association has been participating in the IITF for the last two decades and has played a significant role in promoting trade and economic relations between the two countries, said a press release.
Additionally, the participation in the Chandigarh Fair is being organised with the cooperation of CII, which is the leading chamber of India representing industries. Both trade fairs will provide a platform where buyers and sellers will meet each other for business purposes.
In previous years, these exhibitions have recorded a great footfall of visitors and Pakistani companies have enjoyed spot selling particularly of fabrics, readymade garments, textile made-ups, handicrafts, jewellery and sports goods.
Separately, Chairman of FPCCI Standing Committee on Horticulture and Agriculture Produce, Ahmad Jawad, voiced the hope that the new financial plan would introduce measures for the benefit of farmers and ensure sustainable development of the agriculture sector.
In a statement, he said agriculture product exports were continuously declining because of lower international prices of major farm products such as rice, wheat, sugar and cotton compared to Pakistan, where the cost of inputs was on the higher side due to heavy taxes.
According to statistics, exports of rice were three million tons valuing $1.57 billion during July-March 2014-15 against 2.97 million tons valuing $1.667 billion during the same period of 2013-14, showing a fall of 5.8%.
Published in The Express Tribune, May 21st, 2015.
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