Bilateral Trade Deficit Close to $300M with Morocco Needs to Be Addressed: President FPCCI

Mr. Irfan Iqbal Sheikh, President of FPCCI, has stressed that the bilateral trade deficit with any country needs to be addressed through enhanced business-to-business and chamber-to-chamber ties; and, FPCCI is the right platform to get the things rolling in the right direction for Pakistan.

Mr. Irfan Iqbal Sheikh noted with concern that the bilateral trade deficit with Morocco has reached close to $300 million dollars; which is a big number when assessed in relation to the total bilateral trade of $350 million approximately.

He added that there is so much which we can export to the brotherly country of Morocco; namely, value-added textiles, fruits & vegetables, surgical goods, pharmaceuticals, IT services, sports goods, minerals, etc.

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Mr. Suleman Chawla, Senior Vice President FPCCI, called upon the Pakistan-Morocco Business Council of FPCCI to play a proactive role during the year 2022 and exchange B2B delegations to explore the avenues for cooperation, trade, and joint ventures.

Mr. Yahya Chawla, Chairman Pakistan-Morocco Business Council of FPCCI, explained that Morocco has the potential to be a major export market for Pakistan; however, we need to have a thorough need assessment coupled with awareness among the business, industry, and trade community of Pakistan.

Mr. Sultan Rehman, Senior Vice Chairman of the Council, called upon the Pakistani Ambassador in Morocco, H.E. Hamid Asghar Khan, to facilitate the business community of Pakistan to create linkages with their counterparts in Morocco; specifically with the Morocco Chamber of Commerce & Industry.