Pakistan-UK trade relations discussed

Syed Ibne Abbas, Pakistan High Commissioner to the UK, met Greg Hands, International Trade Minister at the House of Commons on 29 March 2017.

The meeting focused on up-scaling the post Brexit commercial relations between the two countries. The upcoming Pakistan visit of Mr Hands, during which dialogue on Pakistan-UK future trading relationship would be initiated, was discussed in detail.

During the meeting, ‘Business Roundtable on UK Business Participation in CPEC’ being organized by Department of International Trade (DIT), on 4 April 2017 was also brainstormed. It was agreed to maintain the momentum for enhanced commercial relations between the two countries, including working towards meeting the target of £4 billion as agreed during the latest review of Enhanced Strategic Dialogues (ESD) between the two countries.

The High Commissioner updated the Minister on the proposed Investment Conference which the High Commission plans to hold this September in collaboration with the Office of Lord Mayor of London at Mansion House. The Minister assured the High Commissioner of DIT support for this initiative.

The UK is the third largest destination of Pakistan’s export products. During last year Pakiantan’s exports to the British market witnessed a healthy growth of 8%. Continuity of strong bilateral commercial relations in the post Brexit period is the top priority for both governments.

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