Baku, Azerbaijan, Nov. 3
By Azad Hasanli – Trend:
Pakistan has prepared a five-year trade cooperation plan to enhance exports to $500 million to Azerbaijan, Pakistani online newspaper ‘Dawn’ reported.
Pakistan’s exports to Azerbaijan were $60 million, while imports stood at $31,000 in 2015-2016, according to the newspaper.
The largest export product was rice, the newspaper said.
The plan to enhance exports to Azerbaijan was jointly developed by ministries of commerce and defense production of Pakistan following the visit of the country’s prime minister to Azerbaijan in October 2016, according to the newspaper.
The plan envisages enhanced market access to Azerbaijan through the preferential trading arrangement, which subsequently will be upgraded into a free trade agreement with mutual consent, the newspaper said.
Meanwhile, Pakistani Prime Minister Nawaz Sharif has also constituted a committee headed by the country’s commerce minister for enhancing trade and economic relations with Azerbaijan, reads the article in the newspaper.
It was also decided that a delegation will be sent to Azerbaijan comprising of prominent businessmen from export-oriented sectors of Pakistan, according to the newspaper.