FPCCI & Portugal desire to expand the bilateral trade between two Countries

Islamabad – Umar Masood ur Rehman, Vice President Federation of
Pakistan Chamber of Commerce & Industry, visited the Embassy of Portugal
in Islamabad and met H.E Paulo Neves Pocinho Portugal’s Ambassador to
Pakistan. Both discussed the matters of mutual interest and talk over
regarding wide-ranging trade, industry and commercial avenues of
cooperation, investments and joint ventures.

H.E Paulo Neves Pocinho said to Mr. Umar Masood ur Rehman to Organize a
Webinar Between the Portuguese and Pakistan Businessmen in October or
November 2022, in which presentations on the Portugal and Pakistan
Culture and Trade will be given to get to know each other.

Ambassador shared that Portugal wants to enhance bilateral
trade with Pakistan in view of the high potential between the two
countries. Portugal and Pakistan should develop close cooperation with
it to get better market access to European and African regions. He said
that both countries have room to strengthen bilateral collaboration for
mutual benefit. He emphasized the need ofExchange of Trade delegations
between both the countries.

He said Portugal has PTAs with many countries and by investing in
Portugal; Pakistani investors can promote exports to Europe, Africa,
Canada and other regions. Portugal can serve as a gateway to Europe for
Pakistan. FPCCI should form a delegation for Portugal to
explore new business opportunities. He offered to expedite the visa
processing for the business, industry, and trade community’s
representatives of Pakistan to create an enabling environment for them
to forge business-to-business and people-to-people relationships.

Umar Masood ur Rehman, Vice President FPCCI said that Pakistan wishes to
increase trade ties with Portugal as both countries have the potential
to improve bilateral trade in different sectors. The trade potential
between the countries far exceeds the current trade volume and both
countries need to work on realizing that potential. He said that
Pakistan is producing quality products at affordable costs and
highlighted that Portugal can get benefit of this situation. Trade
volume between Pakistan and Portugal is not encouraging and it is
essential that both countries should promote strong connectivity between
private sectors to identify untapped sectors of mutual cooperation. He
also stated that Portugal should enhance the import of Pakistani
products including textiles, garments, surgical instruments, sports
goods, leather products, fruits & vegetables and other required products
to attained full benefits of GSP Plus.

Mr. Umar Masood Ur Rehman, Vice President FPCCI, has invited the
Portugal companies to expand their presence in Pakistan; and, look into
the joint ventures and strategic partners to extend their interests.
Portugal has enormous opportunities in Pakistan to invest in poultry,
dairy, animal feed, modern agriculture, food processing, and industrial
collaborations. investment cooperation are other area in which both
countries could collaborate for mutual benefits. bilateral trade between
the two brotherly countries can be increased multifold. He said that
frequent exchange of business delegations are the options that can bring
people of both the countries closer to each other that would eventually
enhance the mutual cooperation between Pakistan and Portugal.