Rwanda's High Commissioner Sees Bright Future for Trade with Pakistan in Karachi
By Africazine Staff Writer
#BusinessNews #Tourism #Politics
In a momentous visit to the Karachi Chamber of Commerce and Industry (KCCI), Rwandan High Commissioner Harerimana Fatou expressed optimism about bolstering trade relations between Rwanda and Pakistan. Her visit marks a significant step toward enhancing bilateral ties, highlighting Rwanda’s potential as a gateway for Pakistani businesses eager to explore opportunities in Africa.
“The spirit of collaboration is strong between our countries,” said High Commissioner Fatou. “Despite being a small landlocked nation, Rwanda is keen to work with Pakistan to leverage our unique position and strategic trade agreements.” Rwanda, a member of the East African Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA), offers a robust market that could significantly benefit Pakistani investors.
Accompanied by key figures from KCCI, including President Muhammad Jawed Bilwani and Senior Vice President Zia ul Arfeen, the discussions underscored Rwanda’s commitment to fostering a conducive environment for international business. High Commissioner Fatou mentioned that establishing a business in Rwanda is incredibly streamlined, with businesses able to register online within two hours via the Rwanda Development Board. Added to this are the convenient visa-on-arrival facilities available at Rwandan airports, making it easier for entrepreneurs from Pakistan to invest and operate in Rwanda.
Tourism is one of Rwanda’s key economic pillars, contributing to about 65% of the national budget. Each year, approximately 2 million tourists flock to the country, drawn not only by its breathtaking landscapes but also by its renowned safety and exceptional hospitality. “We’ve created a welcoming environment for all visitors, which reflects positively on our economy,” Fatou shared.
In terms of trade specifics, Fatou pointed out that a significant portion of tea imported by Pakistan, around 45%, actually originates from Rwanda, though it typically routes through Kenya. “Why not streamline the process and establish direct trade links between Karachi and Kigali?” she urged, encouraging business leaders to explore direct connections with Rwandan tea and coffee producers.
Recognizing Rwanda’s established export sectors, including minerals and agricultural products, Fatou suggested that Pakistani exporters consider enhancing their product flow to Rwanda, potentially establishing a more balanced and mutually beneficial trade relationship. President Bilwani echoed these sentiments, emphasizing the importance of diversifying the export portfolio between the two nations and capitalizing on each other’s strengths.
Underlining the high-tech advancements in Pakistan, the High Commissioner noted Rwanda’s progress in sectors like IT and artificial intelligence, which has been significantly influenced by Pakistani technology and expertise. This collaborative spirit can lead to innovative solutions beneficial for both countries.
In conclusion, Fatou’s historic visit to KCCI marks the beginning of a promising partnership between Rwanda and Pakistan, as both sides express a commitment to overcome challenges and build stronger economic ties. With both nations set to explore collaborations across various sectors such as agriculture, technology, and tourism, the future seems bright for this budding relationship.
For those in the business community, now is the moment to seize these opportunities and explore the potential that Rwanda has to offer. The Rwandan High Commissioner’s visit could indeed pave the way for a flourishing trade relationship that benefits both countries in the coming years.
As Rwanda and Pakistan shift towards a cooperative economic future, one can only anticipate the exciting developments that lie ahead on the road to partnership.
