LAHORE, July 27 (APP): Ambassador of Brazil Claudio Raja Gabaglia Lins said on Wednesday that Brazil covered more than 42 percent of its energy needs through renewable sources and was ready to extend cooperation and knowledge sharing with Pakistan in renewable energy sector.

In a meeting with business leaders at Regional Office of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he said, “Brazil has improved per hector yield through modern technology and double cropping, and is also one of the largest exporters of poultry meat. Pakistani businessmen can take benefit from Brazilian expertise in these sectors.”

About trade volume between Brazil and Pakistan, the Ambassador said that despite having various commonalities and good diplomatic relations, mutual trade volume in 2015 was hardly USD 369 million which did not match the potential existed in the two countries.

“Brazil is looking for new trade partners in Asia, while Pakistan products are best and can easily make their way in the Brazilian market,” he added.

He invited Pakistan businessmen to work for joint ventures with their Brazilian counterparts and also report their reservations to the Brazilian Embassy in Pakistan over tariff.

While, FPCCI Regional Chairman and Vice President Mian Rehman Aziz said that Brazil-Pakistan relations were characterized as friendly and co-operative and balance of trade had been in favor of Brazil.

He asserted, “The private sector of Pakistan can definitely
take advantage of exporting to Brazil various types of consumer goods like ready-made garments, fabrics, knit-wear, towels, leather and leather products, pharmaceutical and surgical instruments.

Brazil offers a huge potential for exports of high quality footballs. Everyone knows that the game of football is very close to the hearts of Brazilian people. We can also supply agro products including rice, pulses, fruits and vegetables. For this, we need to work closely with your office to find the right partners.”

Poultry sector is one of the associated sectors of Pakistan and Brazil as well, he said, citing, “We should develop Joint ventures to promote this sector. Brazil is exporting poultry products of billions of dollars to China, Middle East and India as its trade with China is USD 83 billion and USD 18 billion with India. We can cooperate in technology transfer, sharing research data and holding skill development programs in both countries.”

On the occasion, SAARC Chamber Vice President Iftikhar Ali Malik called for business-to-business meetings between businessmen of the two countries.

FPCCI Vice President Syed Muhammad Aasim talked about the trade and economic relations.

“Pakistan’s geographical location is very important and can be beneficial for the Brazilian investors,” he viewed.