KARACHI - Karachi Chamber of Commerce & Industry’s President Muhammad Haroon Agar has emphasised to explore the untapped South American, African and Central Asian markets besides focusing on North American and EU trading blocs.  Exchanging views with Anwar Lall Mohamed, Advisor to the President of the Republic of Suriname, he stated that Pakistan and Suriname both maintain friendly cooperative relations.

The Govt has to take meaningful steps to explore this huge market where our competing countries have already entered a long time ago and enjoying handsome business, he added. He also emphasized on the regular exchange of information between the Commercial Section abroad and the leading chambers. He assured the Advisor to the President of Suriname KCCI’s best support in respect to enhancing trade and exploring possibilities of businesses with its counterpart Surinamese Chamber of Commerce & Industry.

Anwar Lall Mohamed, Advisor to the President of the Republic of Suriname presented compliments to President KCCI and stated that the purpose of meeting was to apprise the Chamber’s chief about the present status of bilateral economic and commercial cooperation.  He said that immense possibilities for trade between two countries do exist but yet to be properly explored. He apprised that Suriname located in South America has an emerging economy which grew 4.5% in 2012 backed by strong growth in commodity exports and local construction activity.

The IMF assessed economic outlook of Suriname as favourable and in the years ahead, the economy will benefit from large investments that are underway in the mining of gold, petroleum, bauxite and renewable energy.  The Government of Suriname has established Investment and Development Corporation to promote both local and foreign investment. He informed that the targeted sectors for investment are agriculture, forestry, water resources, manufacturing, tourism, healthcare and housing. For exports, the sectors are agriculture, timber, gold, alumina etc.  Major imports were vehicles, machinery and transport equipment, textiles, consumer goods. He stated that in respect of trade and investment in Suriname, the interested members may contact Investment and Development Cooperation of Suriname through KCCI. Aziz Memon, Honorary Consul General of Suriname also exchanged views on this occasion.