‘Pakistan, Ukraine can form $200bn market’

[Edevelop]

KARACHI: Ukraine and Pakistan can form a trade market of over $200 billion. The current volume of trade is between $125 million-$175 million, which is below 0.25 percent of the total trade of both countries with the rest of the world.

Tariq Sayeed, founder and former President SAARC CCI while meeting with a Ukrainian delegation mentioned reasons for the low level of trade included a limited range of items, language barrier, no banking facility and inadequate follow-up of government decisions.

To remove these bottlenecks an exchange of fact finding missions, establishment of commercial sections in the diplomatic missions of both countries, reciprocal establishment of the representative offices of both national chambers, elimination of Non Tariff Barriers and progress towards greater trade liberalisation through signing a Preferential Trade Agreement is vital.

He praised both the ambassadors for their very active role in making this visit possible. He lauded the appointment of former Vice President-FPCCI, Engineer M A Jabbar, as the honorary Consul General of Ukraine in Karachi.

The leader of the delegation, Alexander Ivanchuk, who is President of the Ukraine Pakistan Business Council and Counselor of UCCI, said a trading house was desired to be set-up by a consortium of Ukrainian companies preferably in the Export Processing Zone. staff report

Daily Times - Leading News Resource of Pakistan

 

[yyetttt]

Freaking Pathetic trade... Millions are not good... We must go to billions!!! Maybe if Ukraine has hungry people we could trade wheat to them like we're doing with Iran

 

[The Great One]

When? 2100?

 

[Edevelop]

We need Engineering/Technological expertise from Ukraine i.e. cars, trains, engines, etc.. I hope they can invest here...

 

[Great Sachin]

current trade is around $150 million and you are dreaming for $200 billion (equal to Pakistan GDP)....nice wet dream

 

[explorer9]

I think Ukraine is good source of Russian Technology for Pakistan and you people have benefited from that with tanker aircraft and Al-Khalid engine and other defense related deals the next move is go for Joint venture in defense industry. I think both Ukraine and Pakistan has same kind of economic mix so there isn't huge scope of multi billion $ trade.

 

[SamranAli]

current trade is around $150 million and you are dreaming for $200 billion (equal to Pakistan GDP)....nice wet dream

kid go and give a shoulder to your constantly falling rupee.

 

[Baby Leone]

kid go and give a shoulder to your constantly falling rupee.

u naughty u broke his supa pawa india dream...

 

[chanikya]

u naughty u broke his supa pawa india dream...

1 dollar = 92 pakistani rupees

 

[Hyde]

I think its just an error in the news report. Its either 200 million dollars or 2 billion dollars

The journalist probably didnt know how many zeroes are in 200 billion dollars

 

[Great Sachin]

u naughty u broke his supa pawa india dream...

Looks like I broke your dream by showing reality....

 

[Skull and Bones]

kid go and give a shoulder to your constantly falling rupee.

u naughty u broke his supa pawa india dream...

Typical delusional kids, poor with numbers but high in ego. And always resort to personal insults to save their faces.

 

[Mercenary]

It has to be 200 million and not 200 billion.

could be a typo

 

[Omar1984]

Ukraine to open trading house in Pakistan

LAHORE - Former President SAARC CCI and FPCCI Tariq Sayeed has welcomed the visit of a Ukrainian delegation at the Federation of Pakistan Chambers of Commerce and Industry Head Office, as a follow-up to the FPCCI’s delegation to Ukraine in December last year on the initiative of Pakistan Ambassador to Ukraine, Saleem Mela.

The delegation was visiting FPCCI to ink an MoU on the establishment of Pakistan Ukraine Joint Business Council. The delegates were accompanied by Volodymyr Lakomov, the Ambassador of Ukraine to Pakistan and Saleem Mela, the Ambassador of Pakistan to Ukraine.

Tariq Sayeed said that both Ukraine and Pakistan form a trade market of over $200 billion. The volume of trade, however, was unfortunately between $125-175 million, which is below 0.25pc of the total trade of both countries with the rest of the world. He mentioned different reasons for the low level of trade.
: a limited range of items, language barrier, no banking facility and inadequate follow-up of government decisions.

To remove these bottlenecks, he proposed the following measures: an exchange of fact finding missions, establishment of commercial sections in the diplomatic missions of both countries, reciprocal establishment of the representative offices of both national chambers, elimination of NTBs and progress towards greater trade liberalisation through signing a PTA. He praised both ambassadors for their very active role in making this visit possible. He also lauded the appointment of MA Jabbar as Honorary Consul General of Ukraine in Karachi, saying that this was very appropriated decision.

Ukraine to open trading house in Pakistan | The Nation

 

[Desert Fox]

Great news!!