Ethiopian entrepreneurs asked to take advantage of Pak B2B Barter Trade Policy.

ISLAMABAD -- Federal Minister for Commerce Syed Naveed Qamar has said that Pakistan is going to launch a B2B Barter Trade Policy and Ethiopian entrepreneurs should take advantage of it to improve trade with Pakistan

Federal Minister for Commerce Syed Naveed Qamar said that Pakistan is a potential market for foreign sectors and urged that the Ethiopian business delegation should explore Pakistan for JVs and investment. He said that Pakistan's Look Africa policy would cover the whole of Africa to improve business relations with it. He stressed that private sectors of both countries should finalize business contracts and sign business deals. He stressed that the embassies of both countries should focus on easy business visa policies to strengthen bilateral trade ties.

He was addressing at the Pakistan Ethiopian Business Forum organized by the Islamabad Chamber of Commerce and Industries. Syed Naveed Qamar, Federal Minister for Commerce, and Misganu Arega, Minister of State for Foreign Affairs of Ethiopia, were the chief guests. Fauzia Amin, Minister of State for Innovation and Technology, and other dignitaries were also present on the occasion.

During his address, the federal minister commended the initiative of establishing a direct flight from Addis Ababa to Karachi, as it would greatly contribute to enhancing connectivity and fostering stronger relations between the two nations. Additionally, he praised the operations of Ethiopian Airlines, which currently serves around 117 destinations. He acknowledged the dynamic role played by the Ethiopian ambassador in bridging the business communities of both countries. Federal Minister highlighted Pakistan's potential as a market for foreign sectors and encouraged the Ethiopian business delegation to explore joint ventures and investments in Pakistan.

Misganu Arega, Minister of State for Foreign Affairs of Ethiopia, said that Ethiopia attaches great importance to promoting business relations with Pakistan. He said that Ethiopia is the fastest growing economy in Africa and has made a 10 years economic development plan. He emphasized that Pakistani investors should explore his country for investment. He said that the direct flights of Ethiopian airline with Pakistan would contribute to...