Ambassador of Brazil to Pakistan Claudio Lins has said that Brazil is keen to increase bilateral trade with Pakistan. He said that the current trade volume between Pakistan and Brazil is 600 million dollars but there is much room to enhance bilateral trade.
While commenting on Pakistani products he said that there are many Pakistani products which are in high demand in Brazil but they are not exported there directly. These products are exported to Europe and then sold to Brazil at a higher rate. Pakistan has a tremendous opportunity to export its products directly to Brazilian markets to boost its exports.
While talking about the energy crisis in Pakistan he said that Brazil has great expertise in producing renewable energy since it is producing around 65% of its energy from water and using ethanol along with bio-fuels instead of costly petroleum products. Pakistan has enormous potential for hydropower generation while it is one of the largest sugar producers in the world. Thus Brazil could cooperate with Pakistan for energy production from renewable sources including hydro and ethanol sources.
New regimes in Pakistan and Brazil have been sworn in while the Pakistani government has been looking to strike trade deals with the international community. Brazil is willing to invest in Pakistan. Brazil is the eighth largest economy in the world having good trade and foreign relations with Pakistan “The Brazilian government understands the need of international investment in Pakistan and Balochistan.” he said.
Menu
