Karachi: Trade Development Authority of Pakistan in collaboration with Pakistan Embassy in Ukraine, today organized the first Pakistan-Ukraine Business Forum at Kyiv. Mr. Tariq Puri, Chief Executive TDAP, who is leading a trade delegation to Ukraine, highlighted the features of bilateral trade.
He stated that our exports to Ukraine have shown a substantial increase over the last 8 years and the average export during this period is 53%. In 2003, Pakistan’s export to Ukraine was US$7.45 million which reached to US$ 66.52 million in 2010.
However, the 116 products which Pakistan exports to Ukraine, has the market share of 5.1% of range of products which constitutes 2.2% Ukraine total imports worth US$ 61 billion. He highlighted that Pakistan could increase its share by adding value in its supply chain and product diversifications.
He informed the participants, representing the leading entrepreneurs and investors of Ukraine, that the World Bank’s ‘Ease of Doing Business Index’ has ranked Pakistan as number 1 in South Asia. Discussing the Agriculture sector; Mr. Puri apprised that Pakistan is the: 2nd largest Buffalo Meat producer; 2nd largest Buffalo Milk producer; 3rd largest Cottonseed producer; 3rd largest Chillies producer; 4th largest Goat Meat producer; 5th largest Mango producer; 7th largest Wheat producer, but has not been able to optimize its strengths for capturing a larger share in the global processed food market.
He also emphasized upon the fact that Pakistan has the 5th largest Coal reserves in the world and has abundance of other natural resources. He stressed that Pakistan requires from the foreign investors to bring the requisite technology through mutually beneficial entrepreneurial arrangements and invited them for investing in the potential projects especially in Steel and Iron Ore sectors.
The Director General Ministry of Economic Development and Trade of Ukraine highlighted the policy reforms which Ukrainian government is introducing to integrate its economy with the world and to provide the enabling environment.
He appreciated the initiative of TDAP and Pakistan Embassy in Ukraine in arranging the Business Forum. He hoped that this visit will go a long way in establishing closer ties between the business communities of the two countries.
After the Forum, B2B meetings were arranged between the business entrepreneurs of the two countries. Pakistani businessmen expressed their satisfaction on the response they got in Ukraine. Later the Pakistani trade delegation met with American Chamber of Commerce.
For more information, contact:
Trade Development Authority of Pakistan
5th Floor, Block A, Finance and Trade Centre, Shahrah-e-Faisal,
PABX: 92-21- 9206487-90