Ukraine, Pakistan can take trade to new heights: envoy

11:00, 23 May 2016
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Ukrainian Ambassador to Pakistan, Volodymyr Lakomov, on Sunday said that Pakistan and Ukraine could easily boost their existing trade volume to new heights by exploring non-traditional avenues, according to the Daily Times.


The envoy said that the current trade volume between the two countries is $500 million and steps are in hand to enhance the volumes, reads the report.

He said that Ukraine is in the process of signing nearly a dozen agreements with Pakistan, providing a level playing field to the investors from both sides, as well as enhancing science and technologies, education, cultural and trade relations.

Read alsoSurplus of Ukraine’s foreign trade in services up 7% in 1QHe further said Pakistani businessmen could explore Ukrainian market for their products like textile, handicraft and leather goods, surgical instruments, sports goods and fruits.

Similarly, Ukraine could export metallurgy items, wheat, cargo, aviation and aerospace technologies besides military hardware, he added.

He said that Pakistan had a lot of potential to excel in the aviation sector and Ukraine having over six decades experience of manufacturing passenger and cargo aircraft could help it in that regard. Ukraine’s Antonov company had so far developed over 100 types of aircraft including one of the biggest cargo carriers, besides a fire extinguisher, he added.

Read alsoAntonov to supply its first An-132 in early 2017He said for enhancing bilateral trade, an agreement was recently inked to do away double taxation adding that both the countries could sign memorandums of understanding for cooperation in fields like investment, aviation, education, maritime merchant ships, law enforcement field, agriculture and food security, science and technologies and cultural exchanges.

While referring to a recent meeting of Ukrainian foreign minister with Adviser to the Prime Minister on Foreign Affairs, Sartaj Aziz, he said that both leaders discussed ways to enhance bilateral cooperation.

The envoy said though the long distance between the two countries is a handicap for import and export of perishable fruits, but the Ukrainians are fond of the quality and taste of fruits produced in Pakistan.

While appreciating the proposal for arranging a tour of a Ukrainian singer Jamala, the winner of Eurovision-2016 song contest in Pakistan on its founding day on August 14, the ambassador said it would a step forward to enhance bilateral cultural ties. 

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