Promotion of commercial and economic ties between Pakistan and Brazil would boost bilateral relations as Embassy of Brazil intended to help Pakistan in doing business with Brazil.
This was stated by Alfredo Leoni, Ambassador of Brazil to Pakistan who was talking to the business community here at Islamabad Chamber of Commerce & Industry (ICCI).
He also Congratulated Zafar Bakhtawari on his appointment as President of ICCI and expressed hope that he would help built relations with the diplomatic community to enhance Pakistan’s trade and economic relations with countries around the globe.
He proposed that Pakistan could share experiences of Brazilian success story in the areas of economy and development achieved through the implementation of “Real Plan” which was introduced in 1994, in order to control inflation and stabilize the economy.
The Ambassador said that Brazil is the sixth largest economy as well as eighth biggest consumer market of the world, adding that Brazil is the largest commercial partner of Pakistan in Latin America but bilateral trade was about US$300 million which needs to be enhanced as Brazil is the major investment hub and also a gateway to South America.
He said that Pakistan’s private sector should come forward in tapping the multiple opportunities of mutual trade between Brazil and Pakistan.
He assured the audience that there was plenty of room for investment in Brazil as it is a very strong and reliable economy. Those Pakistani businessmen who are interested in doing business with Brazilian partners must register themselves on braziltradenet.gov.br and become a member and a player of the biggest database available in Brazil involving international trading companies, market studies and information on fairs, Brazilian companies and trade offers.
In his welcome address, Zafar Bakhtawari, President ICCI lauded the devoted efforts of Mr. Alfredo Leoni for playing a dynamic role in further strengthening bilateral relations in all areas between Pakistan and Brazil.
The ICCI President said that we should concentrate on the existing opportunities and suggested that cooperation can be enhanced in the agriculture, energy and pharmaceutical sectors.
He said that visit of business delegations should also be encouraged to explore markets. In this connection, he invited business delegations from Brazil for meeting with the Pakistani counterparts.
Bakhtawari said that we should learn from Brazilian economic plan as they have turned their economy from negative growth indicators into positive economic growth. He called on the Brazilian business community to take advantage of vast Pakistani market and investment opportunities in agriculture, construction, livestock and dairy, energy, education, IT and Halal industry sectors.
