President Zardari calls for enhancing two-way trade between Pakistan, Myanmar

Myanmar: President Asif Ali Zardari on Tuesday called for enhancing two-way trade between Pakistan and Myanmar and establishing a Preferential Tariff Arrangement leading to the culmination of a comprehensive Free Trade Agreement as well as the establishment of a Joint Ministerial Commission mandated to promote economic and trade cooperation between the two countries.

The President also called for cooperation in the oil and gas sector and offered to send Minister for Petroleum and Natural Resources to Myanmar for exploring prospects of meaningful cooperation.

The President made this call during meeting with the Myanmar President U Thein Sein soon after his arrival in the capital Tuesday afternoon.

Spokesperson Farhatullah Babar said that the President also called for consultations between the respective Central Banks to study prospects of establishing a Currency Swap Arrangement for closer economic and trade cooperation.
Further, the President called for greater interaction between the Chambers of Commerce and offered to send a trade delegation of businessmen and traders to Myanmar. Hopefully, closer interaction between our respective trade bodies would lead to the establishment of a Joint Business Council, the President remarked.

The Spokesperson said that the President also offered to share with Myanmar Pakistan’s experience in poverty alleviation and women empowerment. He said that Pakistan had introduced the Benazir Income Support Programme which had proved very successful and had been lauded by the international community.

Farhatullah Babar said that the President emphasized regular high level contacts ” to impart new dynamism to our bilateral relations” and extended an invitation to President to visit Pakistan.

“Besides Parliamentary exchanges, we should also establish regular consultations between our respective Foreign Ministries”, the President further said. Earlier on arrival the President was received at the airport by Dr. Pe Thet Khin, Union Minister for Health, Dr. Mya Aye, Union Minister for Education and Minister in Attendance.

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