Canberra, 24 August 2022 (TDI): An MOU for the establishment of the Pakistan-Fiji Business Council PFBC is signed between the Federation of Pakistan Chambers of Commerce and Industry and Fiji Chambers of commerce and industry.
Establishment of 🇵🇰-🇫🇯 Business Council (PFBC)
In a ceremony organized virtually by @PakinAustralia, MOU was signed b/w Federation of🇵🇰Chambers of Commerce&Industry &🇫🇯Chamber of Commerce &Industry for Establishment of 🇵🇰-🇫🇯 Business Council (PFBC)@ForeignOfficePk @Zhchaudhri pic.twitter.com/2yykhbqsgb
— Pakistan High Commission Australia (@PakinAustralia) August 23, 2022
The High Commission of Pakistan in Canberra organized this online meeting between the chambers.
The MoU was signed to develop better relations between the two sides to promote trade between both countries. This memorandum aims to increase investment, economic cooperation, and a joint venture between the two states.
Also read: Pakistan Foreign Minister visits Lahore Chamber of Commerce
About the Ceremony
A high-profile ceremony was conducted virtually. The Minister of Commerce Fiji, High Commissioner of Pakistan, and President of Fiji Chamber of Commerce and Industry participated in the ceremony.
Pakistan High Commissioner Zahid Hafeez Chaudhri praised the establishment of the joint business council. He called it “a historic moment in Pakistan and Fiji economic relations.”
It is the first-ever agreement of its kind between the two countries.
Fiji’s Minister for Commerce, Faiyaz Siddiq Koya, expressed that people-to-people and business-to-business contacts are important in mutually-beneficial trade and economic cooperation. Faiyaz Koya also said that this is the first step to growing relations between the two countries.
Fiji Chamber of Commerce President Doctor Nur Bano Ali said they look forward to working together for trade opportunities between countries. She also congratulated Saud Minam for becoming the first chairman of the joint business council.
The next objective of the two counterpart chambers should be to establish the Pakistan-Fiji joint chamber of commerce.
The FPCCI senior member also welcomed the trade delegation from Fiji to visit Pakistan.
Pakistan and Fiji Relations
Fiji is an island country in Melanesia, part of Oceania in the South Pacific Ocean. Fiji and Pakistan still enjoy good relations. The business community of Pakistan is instrumental in further improving and developing bilateral economic and trade relations.
The trade between the two countries has been limited. There has been an increase in exports of commodities such as machinery, logs, and fish. But the export from Pakistan to Fiji has only been approximately $3.8 million.
