KARACHI: Ambassador of Federative Republic of Brazil Olyntho Vieira has stressed that instead of having online meetings, business communities of Brazil and Pakistan must look into possibilities of holding face-to-face interactions which would certainly help in enhancing trade ties.

“Best way of doing business is to regularly meet each other and directly examine and feel goods being produced by Brazil and Pakistan”, he added while exchanging views at a meeting during his visit the Karachi Chamber of Commerce and Industry (KCCI). President KCCI Muhammed Tariq Yousuf, senior Vice President Touseef Ahmed, Vice President Muhammad Haris Agar, former President Majyd Aziz, Honorary Consul General of Brazil Omer Adil Jaffer, Deputy Head of Mission Embassy of Brazil Fabio Maneghatti and KCCI Managing Committee members were also present.

Brazilian Ambassador, who was on his first visit to Karachi after assuming charge around two-and-a-half years said that although his job was to promote Brazilian exports to Pakistan but he would like to see enhanced trade from both sides as improved trade from one side only was no good business. He was of view that Pakistan and Brazil were good in producing textile products hence, businessmen of both countries associated with this sector can join hands to become a big force. This collaboration could prove favorable for Brazilian businessmen who may get into some kind of an arrangement with Pakistani counterparts for producing Brazilian goods in Pakistan and supplying them to Asian markets which would bring down shipment cost, he opined.

Brazil can offer many good quality products at good prices to Pakistan as country has been producing almost everything from food to aero planes. He said, “Pakistan has many competitive advantages that we could benefit from and we can work together in different sectors of economy particularly IT sector which has developed rapidly in Pakistan. Brazilian Envoy extended full support and cooperation to business and industrial community of Karachi and assured to link them with relevant Brazilian businessmen and industrialists. Tariq Yousuf expressed deep concerns over Pakistan’s extremely low export share of just 0.3 percent in Brazilian market hence, there was a need to look into possibility of exporting sports goods, surgical and pharmaceutical goods and textile products etc. to Brazil so that meager trade volume could be improved. If both countries could agree upon any mutually beneficial preferential treatment or a duty-free regime, this would prove favorable in furthering trade relations between two countries. He said that Brazil must become part of China-Pakistan Economic Corridor.

He stressed need for dealing with communication gap between business communities of Pakistan and Brazil by introducing some kind of an effective business platform wherein business communities could meet, learn about each other and regularly exchange information through closer interaction.

Published in The Daily National Courier, November, 03 2022

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