ISLAMABAD: The ministry of commerce has planned to take multiple initiatives to enhance the trade with African countries.
The ministry, in consultation with its allied departments, has prepared a comprehensive policy plan ‘Look Africa’ to give priority to Africa including Senegal and other African countries for the enhancement of Pakistan-Africa trade.
The Trade Development Authority of Pakistan Ministry of Commerce will arrange “Priority Africa for Trade “seminars in the major cities of Pakistan. Now Pakistan is exploring new markets to increase its traditional and non-traditional exports. In this regard, the Trade Development Authority Pakistan will provide a special subsidy (80-90%) to Pakistani companies to encourage their participation in the trade exhibitions in Africa.
The TDAP will sponsor delegations to and from Africa on regular basis. The TDAP has relaxed the hospitality criteria for delegates from African countries including Senegal to attract more delegates and ensure better participation from Africa in the upcoming Expo Pakistan 2017 to be held from November 9-12, 2017. Pakistan and Senegal agreed to address the difficulties of trade between the two countries.
The Pakistan side has sought Senegal’s support to establish a trade partnership with the Economic Community of West African States (ECOWAS) and the West African Economic and Monetary Union (WAEMU). Furthermore, it has been decided that the Trade Development Authority of Pakistan will participate in Dakar International Trade Fair to be held in December 2017 to showcase Pakistani products.
The Pakistan has also proposed to establish a Joint Working Group (JWG) on trade with a view to planning, implementing and monitoring plans and objectives in this area.
