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Pakistan and Greece need to improve their commercial and economic relations to promote bilateral trade and investment by taking advantage of the new business opportunities, Grecian ambassador made these remarks, while talking with Yassar Sakhi Butt, president of the ICCI, it said.
Olive oil is one of the major and well-known products of Greece and is known to be the finest in the world, the envoy said, adding that Greece can export huge quantity of olive oil to Pakistan and it could provide its expertise and experience to plant olive trees on a large scale in Pakistan.
Mavroidis said that cooperation in the energy sector could be one of the areas to strengthen economic relations between the two countries as the current annual bilateral trade between Greece and Pakistan is very low, which is around $500 million that needs to be enhanced by exploring the areas of common interest.
Butt said that Pakistan is a peaceful nation and expressed concern on the role of international media that portrayed a very negative image of the country.
This is the right time to focus on non-traditional markets, he said, adding that frequent exchange of business delegations and establishing direct B2B contacts are the options, which should be used to exploit untapped bilateral trade and investment potential in the two countries.
The ICCI president said that investment cooperation is another area in which the two countries could collaborate for mutual benefits. Information technology, telecommunication, construction, automobile parts, food processing, fisheries, agriculture, hotel industry and real estate offer tremendous opportunities and potential for cooperation, he said.
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