Embassy of Ukraine to the Islamic Republic of Pakistan

, Kyiv 19:28

Trade and economic cooperation between Ukraine and the Islamic Republic of Pakistan

In 2017, according to the State Statistics Service of Ukraine, the volume of trade between Ukraine and Pakistan amounted to 220 million US dollars, with export of goods amounting 164,4 million US dollars (43% increase compared to the same period of the last year) and import of goods amounting 56,6 million US dollars (19% to the same period of the last year). Positive balance for Ukraine was 107 million US dollars.

For the year 2017, the main articles of Ukrainian export to Pakistan: agricultural and diary products, vegetables, grain, as well the Ukrainian export traditionally based on such items: boilers, machinery, ferrous metal etc.

The main products imported by Ukraine are: textile items, cotton, citrus fruits, rice, plastic and polymers.

The military-technical cooperation is developing intensively between the two states.

In January 2011, entered into force the Agreement between the Government of Ukraine and the Government of the Islamic Republic of Pakistan on trade and economic cooperation, and in June - the Convention between the Government of Ukraine and the Government of the Islamic Republic of Pakistan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.

In May 2012, a joint Business Council between the Ukrainian Chamber of Commerce and Industry and the Federation of Chambers of Commerce and industry of Pakistan started it’s activity.