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Pakistan and Maldives signed an agreement to expand trade



Pakistan and Maldives signed an agreement to expand trade

On Friday, the Pakistan and Maldives Business Council of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) announced the organization of a joint virtual event in partnership with the Maldives’ State Trading Organization (STO).

The Trade Development Authority of Pakistan (TDAP) organized the event in collaboration with the Pakistan High Commission in Male, Maldives.

The purpose of the event was to highlight Pakistani exporters’ untapped trade prospects by linking them with Maldives buyers.

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Mian Nasser Hayat Maggo, president of the FPCCI, stated that the FPCCI can play a proactive role in connecting the Maldives with exporters in Pakistan to meet their import requirements.

He emphasized the opportunity to increase bilateral trade volumes in a variety of sectors, including construction materials, medicines, textiles, and food.

Maggo stated that the FPCCI is prepared to welcome a Maldives-based trade delegation to Pakistan in order to provide Maldivian importers with personal knowledge of Pakistani products from a variety of industries and sectors. He also pledged his full support for the establishment of B2B relationships.

Vice Admiral Ather Mukhtar (Retd) discussed his vision for Pakistan-Maldives relations and urged both parties to maximize economic and trade prospects.

Ali Rilwan, acting Maldives high commissioner in Pakistan, urged the two sides to collaborate on business potential.

Imran Khalil Naseer, head of the Pakistan-Maldives Business Council, informed the gathering of the great opportunity for bilateral trade and economic cooperation to grow.

Pakistan and the Maldives should conduct regular business-to-business interactions to explore investment and joint venture prospects, he added.

Asmma Kamal, Pakistan’s Trade and Investment Attaché in the Maldives, provided a detailed presentation on the two nations’ current trade data. Additionally, she emphasized the businesses and sectors in which the Maldives may source items from Pakistan.

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Altaf Hashwani, director of the Pakistan-Maldives Business Council, enquired about STO Maldives’ potential to increase imports of Pakistani textiles and hosiery products.

The participants enquired with the STO about the regulations and procedures for product registration in the Maldives, as well as the appetite for Pakistan’s world-famous fruits such as mangoes and oranges.

The FPCCI is optimistic that bilateral trade between the two fraternal countries would expand and achieve new heights as a result of capitalizing on unconventional industries and exploring new opportunities.

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