Pakistan and Malaysia trade reaches $2.5 billion
Trade between Pakistan and Malaysia touched $2.5 billion in 2010, registering an overall increase of 34% compared to total trade of $1.86 billion the year before.
Pakistan’s High Commissioner in Malaysia, Masood Khalid, recently gave details of the bilateral trade since the signing of FTA between Pakistan and Malaysia in 2007.
According to latest date released by Ministry of International Trade and Industry (MITI) Malaysia, the bilateral trade which stood at $ 1.36 billion in 2007 has increased to $ 2.5 billion in 2010.
The High Commissioner said the balance of trade is tilted in favour of Malaysia, and he said this needs to be narrowed by including non-traditional items in bilateral trade, such as leather, marble and fruit and vegetables.
He suggested that the Malaysian side may send a trade delegation to Pakistan for identifying specific products for import by Malaysia.
He said Pakistan High Commission is pursuing a number steps to increase the exports from Pakistan to Malaysia.
