Pak, Ukraine to boost trade volume by exploring non-traditional avenues

YarnsandFibers News Bureau 2016-05-23 15:00:00 – Islamabad

Ukrainian Ambassador to Pakistan Volodymyr Lakomov on Sunday said that Ukraine was in the process of signing about a dozen agreements with Pakistan thereby providing a level playing field to the investors from both the sides, besides enhancing science and technologies, education, cultural and trade relations.

The current trade volume between the two countries was $500 million and steps were in hand to enhance the same. Pakistan and Ukraine can easily boost their existing trade volume to new heights by exploring non-traditional avenues.

Pakistani businessmen have the opportunity to explore Ukrainian market for their products like textile, handicraft, leather goods and other products. Similarly, Ukraine could export metallurgy items, wheat, cargo and aviation and aerospace technologies, besides military hardware.

For enhancing bilateral trade the two countries had recently inked an agreement to do away double taxation. The two countries could sign memorandums of understandings for cooperation in various fields.

He appreciated that the democratic system had deepening its roots in Pakistan after passing through a series of tests and trials.

In a recent meeting of Ukrainian Foreign Minister with Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz, both the leaders discussed ways to enhance bilateral cooperation.

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