Trade Development Authority of Pakistan, in collaboration with Pakistan Embassy in Ukraine, organised the first Pakistan-Ukraine Business Forum at Kyiv. Mr Tariq Puri, Chief Executive TDAP, who is leading a trade delegation to Ukraine, highlighted features of bilateral trade. He stated that our exports to Ukraine have shown a substantial increase over the last eight years and average export during this period is 53 per cent.
In 2003, Pakistan’s export to Ukraine was $7.45 million which reached $66.52 million in 2010. However, the 116 products which Pakistan exports to Ukraine have the market share of 5.1 per cent of range of products which constitutes 2.2 per cent of Ukraine’s total imports worth $61 billion. He highlighted that Pakistan could increase its share by adding value in its supply chain and product diversifications. He informed participants, leading entrepreneurs and investors of Ukraine, that World Bank’s ‘Ease of Doing Business Index’ has ranked Pakistan as Number One in South Asia.
Discussing the agriculture sector, Mr Puri apprised that Pakistan is the second largest buffalo meat producer; second largest buffalo milk producer; third largest cottonseed producer; third largest chilies producer; fourth largest goat meat producer; fifth largest mango producer; seventh largest wheat producer, but has not been able to optimise its strengths for capturing a larger share in global processed food market.
