ISLAMABAD: Ambassador of Morocco to Pakistan, Muhammad Karmon has said that Pakistan is a very important country with huge economic potential and an exceedingly bright future.
Talking to President Pakistan Economy Watch (PEW) Dr Murtaza Mughal here on Tuesday, Muhammad Karmon said that Morocco wants increased trade relations with Pakistan as the two countries have good potential to promote bilateral trade in different areas.
He said that Pakistani businessmen should explore opportunities in Morocco as we import crude petroleum, textile fabric, telecommunications equipment, wheat, gas, electricity, transistors, and plastics.
The Moroccan Ambassador informed that his country export clothing and textiles, electric components, inorganic chemicals, transistors, crude minerals, fertilizers, petroleum products, citrus fruits, vegetables, fish and vehicles.
Morocco attracts over ten million tourists per annum which developed the local hospitality industry that can help Pakistan develop this important sector, he offered.
Muhammad Karmon said the exchange of trade delegations is an effective tool to identify trade potential and exportable products between the two countries for which links should be developed.
Speaking on the occasion, Dr Murtaza Mughal and Chairman PEW Aslam Khan said that Pakistan and Morocco enjoy brotherly relations but trade and economic ties were not up to the satisfactory level.
They said Moroccan businessmen should explore new avenues of mutual cooperation between the two countries and both the governments should do the maximum to facilitate businesses.
The President and Chairman PEW said that Morocco is located at the gateway of Africa and Europe and offers enormous economic opportunities which should be explored.
Both the countries should look into the possibility of signing a free trade agreement, they demanded.
