Islamabad: The Ambassador of Brazil Alfredo Leoni Wednesday announced the confirmation of the granting of 5 year multiple entry Visa for Pakistani businesspeople going for business in Brazil.
The same benefit will be offered to Brazilian business people doing business in Pakistan, said the Ambassador here at a press conference.
This new Visa policy was confirmed after the exchange of Notes between Alfredo Leoni and Naghmana Hashmi, Additional Secretary for Americas of the Ministry of Foreign Affairs, on Tuesday.
With this new agreement, both countries are hoping to increase their economic and trade relations. Brazil, the 6th largest economy of the world, is the largest commercial partner of Pakistan in Latin America, and the balance of commerce between the two countries reached almost 285 million US dollars in 2012.
Pakistan’s exports to Brazil increased by more than 100% from the year 2009 to 2012 from 44 million US dollars to 92 million US dollars in 2012. Major Brazilian exports to Pakistan include cotton, fuel pumps, plastic, iron and steel, tobacco, pulp, among others, while major Pakistani exports to Brazil include textile items, surgical items, Soccer balls, manicure instruments etc.
Ambassador Alfredo Leoni also mentioned the potential markets for the bilateral trade. Among the products, he cited: poultry meat; agricultural machinery; orange juice; tea, mate and spices; coffee derived products; auto parts; textiles and garments; leather goods; marble and granites; sports gear; fans and wood handicraft.
He also stressed that Brazil and Pakistan could be working together in different areas, through joint ventures and joint research, such as biotechnology, pharmaceuticals, poultry production, telecommunications and bio energy.
Brazil is a very important destination for investments, being one of the countries that attracted more foreign direct investment in the last decade. Not only Brazilian industrial sector is booming, but also the private equity, telecommunications, tourism, civil construction and biotechnology sectors are offering great revenues for investors.
Pakistanis could also be a part of this movement, and profit from the Brazilian development.
Ambassador Leoni also shared some of the activities that will be developed by the Brazilian Embassy in the second half of 2013. Among them, is a Gastronomy Festival that will take place at Marriott Hotel, from September 21st to 24th; the launching of a space at the library of Quaid-i-Azam University, with more than 300 books about Brazil, in October; and a photo exhibition about Islam in Brazil, portraying some aspects of the life of Brazilian Muslims, in November.