Embassy of Ukraine to the Islamic Republic of Pakistan

, Kyiv 01:37

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

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

In 2016, according to the State Statistics Service of Ukraine, the volume of trade between Ukraine and Pakistan amounted to 161,9 million US dollars, with export of goods amounting 114,3 million US dollars (3% increase compared to the same period of the last year) and import of goods amounting 47,628 million US dollars (77,7% to the same period of the last year). Positive balance for Ukraine was 66,674 million US dollars.

For the year 2016, the main articles of Ukrainian export to Pakistan: agricultural and diary products, vegetables, grain, as well the Ukrainian export traditionally based on such items: nuclear reactors, boilers, machinery, ferrous metal etc.

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

According to the official statistics, the volume of the Ukrainian export of services to Pakistan was 2,178 million US dollars. For the year 2016 the Pakistani import of services amounted to almost 1 million US dollars.

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.