Traders asked to invest in S. Africa

Published August 3, 2007

ISLAMABAD, Aug 2: Pakistan can increase export of traditional products, like surgical equipment, rice, sports goods to South Africa. Speaking to traders at the Islamabad Chamber of Commerce and Industry (ICCI) here on Thursday, the Acting High Commissioner of South Africa to Pakistan Cassim Peer said South Africa was the main shopping centre of seven neighboring countries.

He said even textile products export to South Africa can increase because of greater demand in South African market.

The envoy said South Africa has great potential for export of gold, diamonds, platinum, other metals and minerals, machinery and raw material of steel products.

He suggested to create a linkage between South African chambers and the ICCI for exchange of trade-related information for stronger business ties.

He added that the current level of bilateral trade was insufficient which needs to be enhanced.

He said that several trade delegation form South Africa would attend exhibitions in Pakistan for enhancement of bilateral trade.

He said the Chinese and Indian companies are capturing South African market and stressed that Pakistani investors should also invest in South Africa.

He informed that there are ample opportunities of investment in information technology, mining, agriculture and other sectors.

ICCI President Nasir Khan said bilateral trade could be increased through exchange of delegations. He said that ICCI will take a delegation to South Africa.