Economic relations between Pakistan and Myanmar need to be further strengthened as $ 70 million bilateral trade between the two nations has no match to their respective latent potentials. This was stated by the Ambassador of Myanmar U San Myint Oo while speaking at the Lahore Chamber of Commerce and Industry on Wednesday. LCCI President Irfan Qaiser Sheikh, Senior Vice President Kashif Younis Meher and former LCCI Vice President and Executive Committee member Aftab Ahmad Vohra also spoke on the occasion.
Mr. Okkar, Minister-Counsellor of Myanmar and Mr. Aung Kyi, First Secretary of the Embassy of Myanmar gave a detailed presentation on the available business opportunities in Myanmar.The Ambassador said that the exchange of trade-related information and exchange of business delegations could jack up the volume of two-way trade to desired levels. “We can promote our trade and economic ties together. We can have equal bilateral relations for trade promotion, social and cultural ties,” the Ambassador said. “There should be more exchange programs and reciprocal visits and they should learn from each other,” he said. “Let’s increase our trade. Let’s have more trade and more exchange of skills and technology and help each other in terms of economy.” Speaking on the occasion, the LCCI President Irfan Qaiser Sheikh said that the trade figures reflect that there is a lot of potential yet to be explored between two countries. The situation calls for aggressive marketing of Pakistani merchandise in Myanmar and vice versa. He said that in order to give a quick boost to two way trade, exchanges of trade delegations between both countries can be the best strategy to adopt.