Activities of the Russian Federation in Pakistan Russian Trade Representative
Y.m.kozlov Russian Trade Representative
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.