Pak industries in Mexico to help explore US, Canadian markets

Published: March 26, 2009

LAHORE - Pakistani businessmen should establish industries in Mexico to have access to US and Canadian markets with which the country has 90 per cent of its trade.
The Ambassador of Mexico Arturo Hernandez Basave stated this while speaking at Lahore Chamber of Commerce and Industry here on Wednesday. LCCI President Mian Muzaffar Ali also spoke on the occasion.
The Mexican Ambassador said that Mexico has Free Trade Agreement with as many as 12 countries which itself is a big opportunity for all the developing countries including Pakistan as Mexico is concentrating on diversification of economic activity.
He said that the existing volume of two-way trade between Pakistan and Mexico was not matching with the potentials so both the sides should work on new methodologies to explore new area of business cooperation.
The Ambassador, who spent well over an hour at the Lahore Chamber of Commerce and Industry, spoke highly about Pakistan saying that political situation here was not an impediment in enhancing business between the two countries.
He said that Pakistan’s strategic location had always been of great attraction for potential foreign investors but to bring more investment Pakistani businessmen would have to strengthen their trade relations with other countries.
The Ambassador also invited the LCCI President to arrange a business delegation to Mexico so that the Pakistani businessmen could have first hand knowledge about the available opportunities there particularly in the area of oil and gas and skill development.

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