Somaliland asks Pakistan to extend its ‘Look Africa Policy Initiative’ to the Horn of Africa
The Ministry of Commerce has formulated the 'Look Africa Policy Initiative,' which has already been put into motion and is reflective of our broader policy towards Africa.
Somaliland wants Pakistan to extend its “Look Africa Policy Initiative to the Horn of Africa. A delegation from Somaliland, led by the Minister of Energy and Minerals Jama Mohamoud Egal, and the country’s envoy to Kenya, Amb Bashe Omar, engaged with Pakistani stakeholders at the Pakistan-Africa Trade Development conference in Nairobi.
“We were happy to be part of this conference. We have talked to Pakistan delegates and asked them to look at Somaliland as one of its potential partners in trade and development,” Omar Bashe said.
He added: Somaliland is keen to develop strong trade ties with Pakistan. From this conference, we will build on our approach and market our country to their investors.”
Pak-Africa Trade: A road to a prosperous future
Pakistan’s trade with Africa has remained constant at $3 billion/year from 2012 to 2026 but has now increased to $4.6 billion in the year 2018-19.
Abdul Razak Dawood, adviser to the Prime Minister on commerce, industries, and investment, said that this is a golden opportunity to unlock the true potential of Pak-Africa trade and socio-economic development. He said that Pakistan’s share in the trading business of African countries is 0.4 percent, which needs to increase.
The Ministry of Commerce has formulated the ‘Look Africa Policy Initiative,’ which has already been put into motion and is reflective of our broader policy towards Africa.
Dawood said that the Look Africa Policy Initiative enables both countries to shift from over-dependence to higher-value-added products and services. Trade ties will create jobs, facilitate economic growth, and reduce poverty.
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