Pakistan, France bilateral trade up by 50pc in January-March

Karachi: The bilateral trade between France and Pakistan during the first three months (January-March) increased by 50 percent in value of Pakistani textile products against the corresponding period last year, a diplomat said on Thursday.

Talking to newsmen at a reception hosted for him by former Pakistan high commissioner to the United Kingdom Abdul Kader Jaffer, French Ambassador to Pakistan Daniel Jouanneau said that trade between the two countries during 2010 was valued at 800 million Euros with surplus for Pakistan.

He said the recent official visit of Prime Minister Yousuf Raza Gilani to France was “significant and successful” in terms of boosting trade and economic ties, as well as cooperation in counterterrorism between the two countries.

He mentioned about the setting up of France-Pakistan Business Council for the first time.

The ambassador said that Pakistan International Airlines (PIA) is negotiating the purchase of Airbus A320s aircraft from France for domestic and regional routes.

During Gilani’s visit a high-profile Security Declaration was signed by the prime ministers of the two countries to fight terrorism, extremism and how to further strengthen bilateral cooperation against counterterrorism.

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