Trinidad and Tobago Enhances Trade Relations with Pakistan
Published on: October 27, 2023.
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Trinidad and Tobago Strengthen Trade Relations with Pakistan
In a recent meeting, Trade Minister Paula Gopee-Scoon and High Commissioner of Pakistan Shahbaz Mansoor Malik discussed ways to enhance trade links between Trinidad and Tobago and Pakistan. Gopee-Scoon warmly welcomed Malik and recognized the potential for bilateral trade in various sectors beyond energy.
Trinidad and Tobago’s exports to Pakistan in 2022 mainly consisted of waste and scrap paper or paperboard, as well as waste and scrap iron and steel. On the other hand, imports from Pakistan included bed linen, iron oil/gas pipelines, and rice. However, Gopee-Scoon highlighted the opportunities for trade in services, such as health tourism, financial services, and professional services, along with incentives for investment in agriculture, manufacturing, commercial marine services, leisure marine services, and renewable energy.
The meeting attendees also acknowledged the potential for nearshoring and the significant opportunities created by Pakistan’s population of 120 million. They stressed the importance of nurturing a trade relationship that can foster growth for both countries.
The meeting was attended by honorary consul of Pakistan Amjad Ali, as well as officials from the Trade Ministry including permanent secretary Randall Karim, deputy secretary Ava C Mahabir-Dass, director of trade Susan Singh-Seerattan, and senior economist Krystal Harrylal.
Trinidad and Tobago’s trade relations with Pakistan date back to 1962, and this recent meeting demonstrates their commitment to further strengthening these ties.
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