Islamabad, March 01, 2013 (PPI-OT): Bilateral trade relations between Pakistan and Vietnam have been considerably improved, this was stated by Haji Fazal Kadir Khan Sherani, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) during a meeting with Mr. Nguyen Hong Tien outgoing Commercial Consular of Vietnam posted at Karachi who visited Federation House on Friday, 1st March 2013. During the meeting his successor Mr.Zhong was also present.
Haji Fazal Kadir Khan Sherani said that the Business Community of both countries are willing to strengthen the existing relations, in the areas of politics, trade and economics. He also proposed that both countries exchange trade delegation to make familiar about the products of each other countries. He informed that volume of bilateral trade between the two countries has increased significantly.
Current volume of bilateral trade during 2011-12 is US $ 652 million which was US $ 97 million five years back in 2007-08. Pakistan Export has increased to US $ 287 million during 2011-12 from US $ 60 million in 2007-08.
While Pakistan import from Vietnam has reached to US $ 365 million. Pakistan main item of export to Vietnam are cotton yarn and woven fabrics, leather and leather manufacturers, Pharmaceutical products, Oil seeds, grains etc, Petroleum products and oil, while Pakistan imports from Vietnam mainly constitute Coffee, tea and spices etc.Rubber and articles thereof, Telecommunication and electrical equipments, Organics Chemicals, Iron and Steel etc.
Mr. Nguyen Hong Tien, Commercial Consular of Vietnam told that Pakistan is the major importer of Viet Nam Tea which is a product of poor segment of Vietnam people. Pakistan is bridging the gap between poor and rich by importing from Vietnam those products which are being produced by poor people.
Mr.Zhong, Commercial Consular of Vietnam who assumed the office in place of Mr. Nguyen Hong Tien, shows his commitment and informed that he will take guidelines from FPCCI to make positive interaction with Business Community of Pakistan.
President FPCCI Haji Fazal Kadir Khan Sherani appreciated the performance of the outgoing Commercial Consular and desires that new Commercial Consular will follow the same pattern to improve trade manifold.
The meeting was attended by Begum Salma Ahmed Vice President FPCCI. At the conclusion Haji Fazal Kadir Khan Sherani presented FPCCI crest to Mr. Nguyen Hong Tien, outgoing Commercial Consular of Vietnam.
For more information, contact:
Syed Masood Alam Rizvi
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332