Diplomat visits offices of PTEA: Textile exporters can capture Belarusian market: envoy

FAISALABAD: The deputy head of Belarusian mission in Pakistan, Ilya Kanapliou, has said that Pakistan and Belarus are moving towards greater economic cooperation, which will have positive impact on the relations between the two countries in the long term.

“We have taken initiatives to boost our trade and economic ties,” he said. Speaking at a meeting with textile exporters during his visit to offices of the Pakistan Textile Exporters Association (PTEA) on Tuesday, he said that Belarus considered Pakistan as an important country and wanted to increase trade with it.

“All-out efforts are being made to add new dimensions to the bilateral relations between the two countries. Belarus is striving to develop business-to-business and people-to-people contacts to boost mutual trade ties,” he added.

Pakistani textile exporters have great potential to explore and capture the Belarusian market as there exist lucrative new business opportunities in Belarus, he said.

The Belarusian diplomat said there are bright opportunities for setting up joint ventures in different fields by Pakistani and Belarusian investors and businessmen. Terming Pakistan an ideal place for foreign investment, he said that Belarusian investors are visiting Pakistan to explore opportunities in different fields.

While welcoming the visiting team of diplomats, Vice Chairman of PTEA Muhammad Idrees highlighted the core functions of his association. He praised the Belarus government for supporting Pakistan during testing times.

Describing Belarus as a reliable supporter of Pakistan, he pointed out that during a recent meeting in Samarkand Prime Minister Shehbaz Sharif and President Aleksandr Lukashenko had resolved to forge a new bond of friendship between their two countries.

He said that the volume of trade between the two countries ranged from $50 million to $65 million a year. “There are immense possibilities and huge potential of joint ventures and cooperation in various sectors. Although gradual improvements are taking place, but we believe that a lot more still needs to be done as huge potential exists to raise the two-way trade volume,” he said.

Muhammad Idrees termed B2B interaction a key tool in trade promotion. Exchange of business delegations between the two countries would help boost economic and trade relations, he added.

Copyright Business Recorder, 2022