Ukrainian Trading House in Pakistan
Alexander Ivanchuk, Ukrainian Ambassador, while leading a delegation at Federation of Pakistan Chambers of Commerce and Industries (FPCCI), stated the opening of Trading House in Pakistan.
Tariq Sayeed, founder and former President SAARC CCI and former President of FPCCI, welcomed the Ukrainian delegation at the FPCCI Head Office, as a follow-up to the visit of FPCCI’s delegation to Ukraine in December last year.
Speaking on the occasion, Tariq Sayeed said that both Ukraine and Pakistan form a trade market of over $200 billion. The volume of trade, however, was unfortunately between $125 million- $175 million, which is below 0.25 percent of the total trade of both countries with the rest of the world.
According to Ivanchuk, the Trading House is desired to be setup by a consortium of Ukrainian companies preferably in the Export Processing Zone. This will serve not only as the representative office of the Ukrainian Chamber of Commerce and Industries (UCCI) but will also connect businessmen of both the countries to promote the export interests of each other.
Engr. M.A. Jabbar, the Honorary Consul General of Ukraine in Karachi, said, “We are witnessing history in the making because this was the first delegation from Ukraine, which was visiting Pakistan after independence of Ukraine in 1991. We have witnessed the strong desire of both sides to do business as an outcome of the visit. This stand alone would suffice to say that a way forward assuring better prospects for both side businessmen exist to enter into trade regime of 250 billion US dollars available in both countries.
MoU signing ceremony of the Ukrainian Trading House.