Opportunities for Fertilizers, Pharmaceuticals, Surgical Instruments in Myanmar

Islamabad, June 11, 2012 (PPI-OT): H.E. Mr. U. San Myint Oo, Ambassador Extraordinaire and Plenipotentiary of Myanmar visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday, June 11, 2012 and met leading members of the business community.

Sheikh Abdul Waheed Sandal, the Acting President of FPCCI welcomed the Ambassador and thanked him for paying a visit to FPCCI to discuss the development of trade ties between Pakistan and Myanmar. Also present on the occasion were FPCCI Vice Presidents Shaikh Haroon Rashid and Mr. Iqbal Dawood Pakwalla; as well as Sheikh Imtiaz, Executive Committee Member; Sheikh Manzar Alam, Chairman, FPCCI Standing Committee on Media Affairs; and other members of the business community.

In his opening remarks, Mr. Sandal appreciated Myanmar’s recently announced visa policy, which he hoped would facilitate Pakistanis wishing to travel to Myanmar for the purpose of business. He expressed the hope that the issue of having a working banking channel would also be settled in the near future, because this was crucial to achieve more trade.

He informed the Ambassador that FPCCI was in the process of planning a trade delegation to Myanmar to explore opportunities for trade and investment. In this regard, he said that the opportunities for exporting fertilizers, pharmaceuticals, car tyres, transformers, engines, fabric, plastics, light machinery, cement, food items, edible oils and surgical instruments identified by the Ambassador were of great interest to Pakistani exporters.

He also suggested that Pakistan would be interested in exploring the possibility of import of gas from Myanmar. Furthermore, he expressed his thanks to the Ambassador for Myanmar’s support of Pakistan as a dialogue partner in ASEAN.

While responding to the businessmen’s queries, the Ambassador said that Myanmar’s main export was gas, which was currently being sold to India, China and Bangladesh. Myanmar shares borders with China, Laos, Thailand, India and Bangladesh, and is therefore well-situated to serve as a conduit between South Asia and ASEAN countries.

Good land transport links exist between Myanmar, Thailand, India and China, which regional countries should attempt to benefit from. He also expressed interest in the reactivation of the Pakistan-Myanmar Business Council, which would help expand commercial ties between the two countries further.

The meeting concluded with presentation of the FPCCI Crest to Mr. U. San Myint Oo by the Acting President.

For more information, contact:
Syed Masood Alam Rizvi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

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