RCCI to organise ‘Business Africa Trade Forum’ tomorrow

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RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) would organise “Business Africa Trade Forum” tomorrow (Tuesday).

RCCI President Malik Shahid Saleem, while giving details, said that the major aim of this forum was to involve the business community to explore new markets for exports and to promote trade ties with the African countries.

Different sessions will be held to discuss trade opportunities, scope of cooperation, exploration of new sectors and redressal of issues pertaining to tariff, banking channels and transportation, he added.

“Africa is the second largest continent of the world with 54 sovereign states and a population of 1.2 billion with collective GDP of $3.3 trillion and imports market of around $500 billion, the RCCI president noted, adding that Africa, South and Latin America and Central Asian countries are non-traditional markets for Pakistani exports.

Many of the African countries like Nigeria, Egypt, South Africa, Angola, Tunisia, Morocco, Algeria, Libya, Mauritius, Namibia and Botswana are the countries whose nominal per capita income is more than $3,000, he informed.

Pakistan’s trade with African countries stood around $3 billion whereas the total trade volume of Africa was around $1 trillion, he added.

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