Ac­tiv­i­ties of the Rus­sian Fed­er­a­tion in Pak­istan Rus­sian Trade Rep­re­sen­ta­tive

Y.m.ko­zlov Rus­sian Trade Rep­re­sen­ta­tive

The Diplomatic Insight - - Contents -

The Trade Rep­re­sen­ta­tion of the Rus­sian Fed­er­a­tion in Pak­istan, au­tho­rized by the Gov­ern­ment of the Rus­sian Fed­er­a­tion, pro­motes trade and eco­nomic co­op­er­a­tion, rep­re­sents safe­guard state in­ter­ests in all as­pects of ex­ter­nal eco­nomic ac­tiv­i­ties, in­clud­ing the bi­lat­eral for­eign trade and in­vest­ment co­op­er­a­tion be­tween Rus­sia and Pak­istan. Dur­ing the re­cent years the trade and eco­nomic co­op­er­a­tion be­tween Rus­sian Fed­er­a­tion and Pak­istan has had the pos­i­tive trend, and em­pha­sized the avail­abil­ity of the nec­es­sary pre­con­di­tions for in­creas­ing of the bi­lat­eral trade. The bi­lat­eral trade turnover dur­ing 2011 year amounted US$ 476,0 mln., ex­port stood at US$ 126,5 mln., im­port – US$349.4 mln. The main Rus­sian ex­ports goods to Pak­istan are pro­duc­tion of the chem­i­cal in­dus­try, me­tals, newsprint and craft pa­per. The ba­sic goods of the Rus­sian im­port from Pak­istan are agri­cul­tural and tex­tile prod­ucts, leather prod­ucts, sports goods.

Present vol­umes of the Rus­sian Pak­istan trade and eco­nomic co­op­er­a­tion do not cor­re­spond to the ac­tual po­ten­tial. There is an avail­abil­ity of great po­ten­tial be­tween our coun­tries for de­vel­op­ment of co­op­er­a­tion in the ar­eas of power, oil and gas, telecom­mu­ni­ca­tions, satel­lite tele­vi­sion, met­al­lurgy, ma­chin­ery and au­to­mo­bile in­dus­try, bank­ing and fi­nan­cial ser­vices, con­struc­tion of high­ways and pipe­lines, air trans­port ser­vice, sci­ence and tech­nol­ogy un­der­lined that there is con­sid­er­able scope for co­op­er­a­tion in sec­tors such as min­er­als de­vel­op­ment, rail­way and­wa­ter trans­port, in­for­ma­tion tech­nolo­gies, biotech­nol­ogy, nan­otech­nol­ogy, con­struc­tion, fer­til­iz­ers and chem­i­cals, phar­ma­ceu­ti­cals, agri­cul­tural and pro­cessed food prod­ucts, ready made gar­ments and tex­tiles, gems and jew­ellery. There are also pos­si­bil­i­ties for de­vel­op­ment of cul­tural

con­tacts and tourist busi­ness. For its part Rus­sian Trade Rep­re­sen­ta­tion makes ev­ery ef­fort in or­der to raise the level of co­op­er­a­tion in ar­eas of peo­ple-to-peo­ple con­tact, busi­ness-to-busi­ness ties and eco­nomic and cul­tural re­la­tions. One of the most ef­fec­tive mech­a­nism in co­op­er­a­tion be­tween Rus­sia and Pak­istan is the Rus­sian-Pak­istan In­ter­Gov­ern­men­tal Com­mis­sion on Trade, Eco­nomic, Sci­en­tific andTech­ni­cal Co­op­er­a­tion. At present the Trade Rep­re­sen­ta­tion of the Rus­sian Fed­er­a­tion in Pak­istan is pre­par­ing for the Sec­ond Ses­sion of the Rus­sian-Pak­istan In­ter-Gov­ern­men­tal Com­mis­sion on Trade, Eco­nomic, Sci­en­tific and Tech­ni­cal Co­op­er­a­tion and it is pro­posed to be held in the sec­ond half of the 2012 in Is­lam­abad.

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