Pakistan, South Africa to Strengthen Trade Ties
Pakistan Times Business & Commerce Desk

ISLAMABAD: Acting High Commissioner of South Africa Cassiom Peer stressed for strengthening trade and economic ties between Pakistan and South Africa.

In a meeting with President Islamabad Chamber of Commerce and Industry (ICCI) Nasir Khan and other office bearers here on Thursday, the two sides discussed the prospects to improving trade and investment opportunities between the two countries.

Acting High Commissioner identified that products like surgical equipments, textile products, rice, spices and sports goods have good market in South Africa because South Africa is the main shopping centre of seven neighboring countries.

He said South Africa had great potential for the export of Gold, diamonds, platinum other metals and minerals, machinery and raw material of steel products to Pakistan.

He said that frequent exchange of trade delegation between South African Chambers and Pakistani chambers was must for the promotion of stronger business ties.

Cassiom Peer stressed the need of enhancing trade relations as current trade volume was insufficient.

He said that Muslim population is playing a vital and effective role in socio-economic uplift of South Africa.

Acting High Commissioner expressed great satisfaction over the economic policies of Pakistan and termed Pakistan as a peaceful country with great investment opportunities.

“Chinese and Indian companies are capturing South African market.

Pakistani investors should invest in South Africa”, he said.

He informed that there are ample opportunities of investment in information technology, mining, agriculture and other sectors in South Africa.

President ICCI Nasir Khan said that Pakistan is a big market for South Africa, adding, bilateral trade between the two countries could be improved through exchange of business delegations.●