Pakistan and Cuba have agreed to workout modalities to explore the prospects for enhancing trade between two countries particularly paving the way for export of Pakistani rice to Cuba.
This was agreed in a meeting of Ambassador of Cuba in Pakistan Gabriel Tiel Capote with Deputy Chairman Senate Saleem Mandviwalla here at Parliament House on Tuesday.
Deputy Chairman said that there is a potential of US$ 150 million per annum rice export to Cuba from Pakistan and both the countries should expedite the process to remove hurdles in materializing this trade cooperation. He also emphasized the need to further strengthen the existing bilateral relations between Pakistan and Cuba through enhancing parliamentary ties and cooperation in various areas of mutual interest.
Deputy Chairman Senate said that Pakistan places its bilateral relations with Cuba at high esteem and we desire to further expand mutual collaboration in trade, education and other fields. He said that Pakistan and Cuba have supported each other in times of need and excellent cooperation exists between the two at International forums.
Mandviwalla expressed his well wishes to the people, government and Parliament of Cuba and hoped that both sides would strive for creating a level playing field for investment and explore avenues to give boost to trade and commerce.
The Cuban envoy thanked the Deputy Chairman Senate for suggesting various initiatives. He agreed with the views of Deputy Chairman Senate Saleem Mandviwalla for increasing trade and commercial ties for bilateral benefit and showed keen interest in importing rice from Pakistan.