Ecuador keen for enhancing bilateral trade with Pakistan

ISLAMABAD, Apr 5 (APP):Ecuador on Thursday stressed the need for frequent exchange of trade delegations with Pakistan for exploring new areas of mutual cooperation and assured that the Embassy would fully cooperate with chambers in bringing private sector of both countries closer that was important to improve two-way trade.
Interest to explore the trade between both the countries was expressed by Ambassador of Ecuador German Alejandro Ortega Almeida during his visit to Islamabad Chamber of Commerce and Industry.
the Ambassador also exchange views with business community for further enhancing bilateral trade and economic relations with Ecuador and Pakistan.
He said that lack of direct contacts between the private sectors of Ecuador and Pakistan was the main reason of nominal trade between the two countries and stressed that both should focus on frequent exchange of trade delegations to explore new areas of mutual cooperation.
Frequent exchange of trade delegations to explore new areas of mutual cooperation was prerequisite and assured that Embassy would fully cooperate with ICCI in bringing private sector of both countries closer that was important to improve two-way trade, he added.
He said that his country wanted to increase trade relations with Pakistan as both countries could do trade in many items. He said that Pakistan could achieve better access to South American markets by developing close cooperation with Ecuador.
In his welcome address, Sheikh Amir Waheed, President ICCI said that Pakistan considered Ecuador significant to its growing demands of opening up new avenues of cooperation and investment opportunities for businessmen.
He said that many sectors of Pakistan’s economy including infrastructure development, manufacturing, exploration of oil, gas and minerals, energy, construction, information technology, engineering & automobiles offered great investment opportunities while the government has offered attractive incentives to foreign investors.
He stressed that Ecuador’s investors should visit Pakistan to explore investment in areas of interest.
He said that CPEC has create many new opportunities for investment and JVs in Pakistan. Moreover 9 Special Economic Zones would be established in Pakistan under CPEC and stressed that it was the right time for investors of Ecuador to focus on Pakistan for business opportunities.
He assured that ICCI would like to work with the Embassy of Ecuador for improving bilateral trade and economic relations between Pakistan and Ecuador.