ISLAMABAD: Pakistan and Malaysia are negotiating to further reduce duties on existing and additional tariff lines under the Free Trade Agreement (FTA) to facilitate businesses of both the countries, High Commissioner of Pakistan in Malaysia Syed Hassan Raza said on Friday.
According to press statement received here, he was addressing a seminar held in Kuala Lumpur on ‘Doing Business with Pakistan’, jointly organised by Malaysia External Trade Development Corporation (MATRADE) and High Commission of Pakistan Malaysia.
Over 200 Malaysian companies and Pakistani businessmen attended the seminar.
The High Commissioner highlighted the investment opportunities and trade potential in Pakistan and informed the participants that there were numerous opportunities for the companies in both the countries, having FTA since 2008.
“The current trade between both countries is limited to Palm oil, fibre board, rubber electrical and electronic equipment from Malaysia while from Pakistan main items being exported are rice, maize, cotton, textile, vegetables. Diversification of products is the key to boost trade between the two countries,” he added.
