ID :
152144
Fri, 12/03/2010 - 14:17
Auther :
Shortlink :
https://oananews.org//node/152144
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M`SIA TOP IMPORTER FROM PAKISTAN IN ASEAN REGION
KUALA LUMPUR, Dec 3 (Bernama) -- Malaysia is the top importer from Pakistan for
the second consecutive financial year (July 2009 to June 2010) out of 11
countries in South East Asia.
Imports stood at US$194.72 million in the financial year 2009 to 2010, whereas
the Philippines, with an import of US$156 million, and Vietnam with US$126
million, were the second and third largest importers, respectively, said the
Pakistan High Commission here in a statement Friday.
Pakistan High Commissioner to Malaysia Masood Khalid said his country's exports
to Malaysia recorded an unprecedented increase of 56.56 per cent with imports of
US$194.72 million in 2009-2010 compared with exports of US$124.37 million in
2008-2009.
Referring to the latest data released by the Trade Development Authority of
Pakistan, Khalid said there were many untapped areas like gems and jewellery;
marble and stones; light engineering; cutlery; spices; leather; fruits; and
vegetable; handicrafts; raw wool; sports goods; pharmaceutical products;
readymade garments; meat; and meat-based products.
These products could be tapped to broaden export base to Malaysia which
currently revolves around traditional items like rice, fish, yarn, woven fabric
of synthetic stable fibre, electrical appliances, line telephony, potatoes,
onions and corn, he said.
He urged Malaysian and Pakistani traders and businessmen to fully exploit the
concessions available to them in duties, taxes and tariffs under the Free Trade
Agreement (FTA) signed by the two countries in 2007.
He said they could also make use of the Joint Business Council for business
networking and match-making to bring about a multi-fold increase in the existing
volume of bilateral trade.
According to the data, out of the total of 66 commodities exported to Malaysia,
36 registered increasing trend, with rice leading the list with five times
increase with an export of US$52.13 million (2009-2010) compared with US$9.64
million (2008-2009).
Vegetables recorded two-fold increase with an export of USS10.75 million
compared with US$4.96 million.
Cotton yarn registered an increase of 46 per cent and readymade garments 83 per
cent were among the biggest contributors.
Other commodities which saw increasing trends are paper and paper board,
plastics, specialised machinery, leather footwear and auto parts.
the second consecutive financial year (July 2009 to June 2010) out of 11
countries in South East Asia.
Imports stood at US$194.72 million in the financial year 2009 to 2010, whereas
the Philippines, with an import of US$156 million, and Vietnam with US$126
million, were the second and third largest importers, respectively, said the
Pakistan High Commission here in a statement Friday.
Pakistan High Commissioner to Malaysia Masood Khalid said his country's exports
to Malaysia recorded an unprecedented increase of 56.56 per cent with imports of
US$194.72 million in 2009-2010 compared with exports of US$124.37 million in
2008-2009.
Referring to the latest data released by the Trade Development Authority of
Pakistan, Khalid said there were many untapped areas like gems and jewellery;
marble and stones; light engineering; cutlery; spices; leather; fruits; and
vegetable; handicrafts; raw wool; sports goods; pharmaceutical products;
readymade garments; meat; and meat-based products.
These products could be tapped to broaden export base to Malaysia which
currently revolves around traditional items like rice, fish, yarn, woven fabric
of synthetic stable fibre, electrical appliances, line telephony, potatoes,
onions and corn, he said.
He urged Malaysian and Pakistani traders and businessmen to fully exploit the
concessions available to them in duties, taxes and tariffs under the Free Trade
Agreement (FTA) signed by the two countries in 2007.
He said they could also make use of the Joint Business Council for business
networking and match-making to bring about a multi-fold increase in the existing
volume of bilateral trade.
According to the data, out of the total of 66 commodities exported to Malaysia,
36 registered increasing trend, with rice leading the list with five times
increase with an export of US$52.13 million (2009-2010) compared with US$9.64
million (2008-2009).
Vegetables recorded two-fold increase with an export of USS10.75 million
compared with US$4.96 million.
Cotton yarn registered an increase of 46 per cent and readymade garments 83 per
cent were among the biggest contributors.
Other commodities which saw increasing trends are paper and paper board,
plastics, specialised machinery, leather footwear and auto parts.
