Pakistan-Egypt Trade Conference 2019
Ministry of Commerce & Textile organized a Pakistan-Egypt Trade Conference in Islamabad on 15th October, 2019. It was the first of a series of such conferences planned with African countries under the Look Africa Policy Initiative of Ministry of Commerce. A high powered delegation comprising of both officials and businessmen from Egypt, led by Mr. Ahmed Anter, First Undersecretary of Egyptian Commercial Service, Ministry of Trade & Industry of Egypt visited Islamabad to attend the conference.
During the Conference, B2B meetings were arranged between the Egyptian businessmen of Pharmaceutical, Power, Fertilizer, Tourism, Construction, Shipping and bed linen sectors with Pakistani businessmen of same sectors. Ministry of Commerce and Egyptian Commercial Service also signed a Memorandum of Understanding (MOU) for the establishment of a Pakistan – Egypt Joint Working Group (JWG) on trade. First meeting of the JWG on Trade was held on the sidelines of the Trade Conference. The Pakistani delegation was headed by Secretary Commerce, Sardar Ahmed Nawaz Sukhera, and the Egyptian side was led by their First Undersecretary, Mr. Ahmed Anter. During the meeting of the JWG on Trade, both sides emphasized on the relative importance of Pakistani-Egyptian Trade and Economic relations and on the importance of enhancing the current Trade volume to reflect the untapped trade and economic potential between both countries. Both sides agreed to enhance trade in key sectors including Agricultural Products, Engineering industries (Electrical apparatuses and Power appliances), Construction and Building materials, Fertilizers and Chemicals, Textiles and leather products, Medical and surgical instruments and Pharmaceuticals was reached. Both sides agreed to enhance the trade promotional efforts by signing an MOU between Trade Development of Pakistan (TDAP) and Egyptian Commercial Service, organization of a Single Country Exhibition in Cairo/Karachi and frequent exchange of delegations and participation in each other’s International trade fairs.
On 16th October, the Egyptian delegation, along with the Ambassador of Egypt in Islamabad, visited Ministry of Commerce for a meeting with Mr. Abdul Razak Dawood, Advisor to the Prime Minister on Commerce and Textile. The Advisor appreciated the warm, historic and brotherly relations between the two countries and expressed the desire to make the trade relations commensurate with the political relations. Areas of mutual cooperation were highlighted by both sides. Advisor emphasized the export potential of Pakistan in sectors like Engineering goods, rice, agro-processed products, surgical, pharmaceutical and sports goods. He also highlighted the investment opportunities available in Pakistan especially in engineering sector. Egyptian Head of Delegation invited Pakistani side for a follow-up visit to Cairo and appreciated the opening of new Commercial Section in Cairo, Egypt. Both sides emphasized that in order to translate excellent brotherly relations into meaningful economic and trade cooperation, frequent engagements at G2G and B2B level coupled with trade promotional activities will be ensured. The Advisor and Ambassador of Egypt Mr. Ahmed Fadel Yacoub witnessed the signing of the minutes of first meeting of JWG on Trade between Pakistan and Egypt.
B2B meetings at Rawalpindi Chamber of Commerce & Industry and meetings with the Drug Regulatory Authority of Pakistan, M/o National Health Services Regulations and Coordination, and with the Representatives of M/o National Food Security and Research and were also organized for the Egyptian delegates to avail maximum benefits of their visit to Pakistan.