Canberra: The 7th session of Pakistan Australia Joint Trade Committee was held at Canberra, Australia on 4th of December 2017. The Pakistan delegation was led by Mohammad Younus Dagha, Secretary Ministry of Commerce, Government of Pakistan and Australian side was led by Kathy Klugman, First Assistant-Secretary, Department of Foreign Affairs and Trade. Wide-ranging issues including market access to Pakistan goods, trade and investment opportunities in Pakistan and business visa were taken up by during the meeting. The meeting was held in a very friendly and cordial manner. Both sides agreed that current level of trade and investment between the two countries does not commensurate with the potential and underlined the need to find ways and means to enhance trade.
The Secretary Commerce thanked the Australian side for their hospitality and expressed his satisfaction over the increasing trends in bilateral trade. The Secretary Commerce made a very effective presentation on trade and investment opportunities in Pakistan emerging in the wake of China-Pakistan Economic Corridor. The presentation highlighted that Pakistani economy has been growing at a fast pace and the macroeconomic indicators and inward investment into the country provide positive signals for foreign investors.
The Secretary Commerce during the visit held meetings with leading businessmen including Jason Lang Managing Director of Macquarie Capital, Mohammad Hage NSW Chairman of the Australia Arab Chamber of Commerce and Industry , Frank Alafaci, President of the Asian Australia Business Council . Graeme Burt General Manager, Oracle Netsuite, and owners of the other Australian Businesses. During these meetings, the Secretary Commerce appreciated the role of the business community in forging growing bilateral economic relations and also highlighted the economic potential of Pakistan and investment opportunities arising out of the positive economic developments in the country. He also stressed the need for increasing bilateral trade engagement between the two countries through the exchange of business delegations.