Pakistan‘s Prime Minister Nawaz Sharif said that they place high priority on their country’s bilateral relations with Japan and is looking forward to bringing the relationship to a higher level. The PM met with Taro Kimura, the special envoy of Japan’s Prime Minister Shinzo Abe, who called on him on Wednesday to discuss these issues.
Sharif emphasized the value of Japan as a trade and development partner for Pakistan. His newly established democratic government’s priority right now is development and national building and he believes that more Japanese investments in different sectors would greatly contribute to their goals. He said it is crucial to get more investments, particularly in Japan’s special economic zone. Their bilateral trade was at $2.1 billion in 2012 but Sharif believes that it is time to reassess the level of this relationship since the trade imbalance is “titled heavily against Pakistan.” This can be rectified if Japan imports more products or “increases the quantity of existing importable products from Pakistan,” said the prime minister.
He suggested the lowering of tariff rates for Pakistani textiles as a helpful way of rectifying the imbalance in their bilateral trade relations. Another proposal is for the Japanese investors and donor agencies to finance energy projects in Pakistan to help them overcome their current energy shortage. They are also interested in learning from Japan in the fields of science and technology plus other sectors where they are considered experts and pioneers.
[ via BRecorder ]