ISLAMABAD: Commerce Minister Pervaiz Malik on Friday knowledgeable the Nationwide Meeting that initiatives had been taken to spice up commerce with Senegal, which has been stagnating within the vary of $forty million to $50m for the previous a number of years.
In a written reply to a query by MNA Shaikh Rohale Asghar, the minister stated that the quantity of commerce was far under its potential. Nevertheless, Pakistan attaches excessive significance to its financial relations with Senegal, he added.
He stated the primary assembly of the Joint Ministerial Fee (JMC) was held in July and necessary selections have been taken to spice up bilateral commerce.
The minister stated that the Commerce Improvement Authority of Pakistan (TDAP) has relaxed the hospitality standards from African nations together with Senegal to draw delegates and guarantee higher participation within the upcoming ‘Expo Pakistan 2017’ being held this month.
He stated the TDAP will present particular subsidy within the vary of eighty-90pc to Pakistani corporations to encourage their participation in commerce exhibitions in Africa, together with Senegal.
Pakistan and Senegal agreed to deal with the difficulties hampering the bilateral commerce.
Pakistani additionally sought Senegal’s help to determine a commerce partnership with the Financial Group of West African States and the West African Financial and Financial Union.
The commerce minister stated Pakistani aspect within the JMC additionally proposed to the Senegalese aspect to determine a joint working group (JWG) on commerce with a view of planning, implementing and monitoring plans and aims on this space.
The TDAP will even maintain a commerce truthful in Dakar in December to showcase Pakistan’s merchandise, Mr Pervaiz added.
Revealed in Daybreak, November 4th, 2017
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