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Malaysian Consul General urges KCCI to enhance trade ties  

Malaysian Consul General urges KCCI to enhance trade ties  

KARACHI: Consul General of Malaysia in Karachi Abu Bakar Mamat has invited the members of the Karachi Chamber of Commerce and Industry (KCCI) to participate in INTRADE Malaysia 2014 exhibition which is scheduled to be organised in Kuala Lumpur from October 20-22, 2014.

Speaking at a meeting during his visit to Karachi Chamber, Malaysian Consul General informed that International Trade Malaysia (INTRADE) is the annual international trade and export exhibition organised by The Malaysia External Trade Development Corporation (MATRADE) to enhance networking, business matching, exchange of ideas and knowledge among the business communities from different countries, especially those seeking to venture into the global market. “This exhibition will provide a perfect opportunity to Pakistani business community to examine Malaysian goods, improve business linkages with their Malaysian counterparts and explore ways and means of how to further enhance trade between the two countries,” he added.

Commenting on bilateral trade between the two countries, the Malaysia Consul General pointed out that 95 percent export share of Malaysian palm oil exports to Pakistan has declined to 55 percent. In this regard, he requested the Pakistani and Malaysian businessmen to enhance interaction with each other in order to identify issues and give suggestions on how to further improve trade between the two countries.

Speaking on the occasion, President KCCI Abdullah Zaki while highlighting KCCI activities, said that the Karachi Chamber has been actively playing the role of a strong bridge between Pakistani businessmen and their counterparts around the world by maintaining cordial relations with international chambers and foreign embassies in Pakistan and abroad.

He said that Karachi Chamber, being the largest chamber of Pakistan with a strong membership base of more than 20,000 direct members and 50,000 indirect members through seven of KCCI-affiliated trade associations, has been playing the leading role in strengthening ties with countries around the world. It is heartening to note that Pakistan and Malaysia have been enjoying good relations with each other but the existing trade volume between the two countries needs to be enhanced further.

In this regard, he suggested frequent exchanges of trade delegations and information, single country exhibitions, seminar, conference etc which would help in improving business ties and prove favorable for the economies of the two countries. He also stressed the need to creating strong linkages between the universities in Pakistan and Malaysia with a view to promote education. In this regard, Pakistani students should also be facilitated to study in Malaysia.