ISLAMABAD (Our correspondent): The Pakistan, which has only $25 billion export, has embarked on “Look Africa Policy Initiative” for export market diversification.
A high-power delegation of Ethiopia met with Pakistan’s Advisor to Prime Minister on Commerce Abdul Razak Dawood here in Islamabad. Dr Markos Tekle, State Minister for Foreign Affairs and Mr. Misiganu Arega, State Minister for Trade and Industry led the Ethiopian delegation.
The advisor also emphasized the export potential of Pakistan in sectors like Engineering goods, sugar, rice, agro-processed products, surgical, pharmaceutical and sports goods. Ethiopian Minister of Trade also expressed interest in exporting pulses, black tea, high quality sesame seed and oilseeds to Pakistan. He also informed that they are working for the commencement of Ethiopian Air flights to/from Karachi and expressed interest in hiring of technical experts from Pakistan in the field of Engineering, pharmaceutical and IT sectors.
The Advisor also explained that Pakistan desires to make Ethiopia a hub for enhancing exports to Africa under Look Africa Policy. He also announced that Ministry of Commerce is opening a Commercial Section in Pakistan’s Embassy in Addis Ababa this year. He elaborated the Look Africa Policy Initiative of the Ministry of Commerce. The initiative calls for enhancing engagement and trade/investment relations with Africa.
Ethiopian Foreign Minister also welcomed the initiative and assured support for the newly opened office. He also announced that they are going to open their Embassy in Islamabad soon. Both sides also emphasized that in order to translate excellent brotherly relations into meaningful economic and trade cooperation. In this regard, frequent engagements at G2G and B2B level coupled with trade promotional activities will be ensured. Both sides also agreed on removing impediments in the area of technical and SPS regulations.