KARACHI - High Commissioner of Canada Perry Calderwood Thursday said that there was a tremendous potential to enhance trade between Pakistan and Canada as both countries have significant trade volume and longstanding economic relationship.

“Pakistan and Canada can enhance their trade and investment cooperation in different sectors including agriculture, renewable energy, oil & gas, mining and infrastructure etc, particularly here in Karachi and also in Sindh. Canada is strong in all these sectors so I believe potential is there”, Perry Calderwood said. “The challenge, of course, for me and also for Pakistan’s High Commissioner in Canada is to translate this potential into concrete activity,” he added.

Speaking at a meeting during his visit to the Karachi Chamber of Commerce and Industry, Canadian High Commissioner opined that Pakistan and Canada have a very broad relationship as both countries have been cooperating with each other in a range of areas since past many decades.

Highlighting some of the key areas in which Canada has been extending Development Assistance to Pakistan, he pointed out that Canada has been extending support to eradicate polio from Pakistan, which was being done globally in those countries where polio was still present. “We are very encouraged that great progress has been made in case of Pakistan and we are fairly optimistic that polio will be eradicated by the end of this year”, he added.

Earlier, while welcoming the Canadian High Commissioner, President KCCI Shamim Ahmed Firpo stated that Pakistan and Canada share longstanding economic and political relations by working together in various fields.

He informed that during 2015-16, total trade volume between Pakistan and Canada stood at $684 million, of which Pakistan's exported goods worth $231 million whereas its imports stood at around $453 million.  “There is a huge potential to enhance trade between Pakistan and Canada. In this regard, Pakistan Railways may seek bids from Canadian Pacific Railway for procurement of locomotives and the textile sector of Pakistan must also look for opportunities in Canadian market of baby clothing as Canada has cut import tariffs on baby clothes made from wool, cotton and synthetic fibers”, he added.