Pakistan-Kyrgyzstan bilateral trade statistics

BusinessPakistan-Kyrgyzstan bilateral trade statistics

ISLAMABAD, Pakistan: The volume of total bilateral trade between Pakistan and Kyrgyzstan stood at US$ 1.864 million in 2019-2020, the Minister for Commerce told the National Assembly.

To a question by the Pakistan Muslim League-Nawaz’s (PML-N) lawmaker Sheikh Rohale Asghar, the Minister for Commerce told the Lower House in writing on Friday that Pakistan’s major exports to Kyrgyzstan are medicament mixtures, razors and razor blades, instruments, and appliances used in medical, surgical, dental, fruit & vegetable juices, unfermented.

While Pakistan’s major imports from Kyrgyzstan include dried vegetables and live animals.

The Pakistan-Kyrgyzstan bilateral trade statistics are given as under:

However, the House was told that the Ministry of Commerce has taken the following measures to increase trade with Kyrgyzstan:

  • The Kyrgyz side during the third Joint Ministerial Commission (JMC) expressed interest in benefitting from Pakistan’s experience in exports to the European Union (EU). Pakistani side agreed to share experience and provide technical assistance to the Kyrgyz Republic on GSP+. Kamal Shahryar (Advisor in TRAP on GSP+ implementation) visited Bishkek and training was arranged for Kyrgyz officials and private sector for two days on October 15-16, 2018.
  • The Ministry of Commerce has proposed the signing of Memorandum of Understanding (MoU) between Trade Development Authority of Pakistan (TDAP) and the State Agency on Investment and Export Promotion of the Kyrgyz Republic. The MoU calls for cooperation in trade exhibitions training tours for entrepreneurs, business forums, exhibitions, and fairs;
  • The draft MoU on the establishment of the Joint Working Group to enhance trade cooperation has been shared with the Kyrgyz Republic. However, the response of the Kyrgyz side is awaited.
  • The Kyrgyz delegation participated in Pakistani Trade Fairs and Exhibitions EXPO Pakistan 2017 and TEXPO 2019, and Pakistani companies are also participating in trade events in the Kyrgyz Republic.
  • The Ministry of Commerce is trying to operationalize Quadrilateral Traffic in Transit Agreement.
Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Mr Imran Khan this was you who gave extension to former COAS alone instead of other chiefs

Mr Imran Khan this was you who gave an extension to former COAS alone...

0
Islamabad, Pakistan: The jailed former Prime Minister Imran Khan has said that the extension (of Army chief) made institutions weaker rather than making them...

Does close partnership between China and Pakistan provide immunity to attack Chinese citizens?

0
Islamabad, Pakistan: There is no doubt that Pakistan and China are close partners and iron brothers, united by a bond of mutual respect and...

Kidnapping of Pakistani youths in Thailand

0
Monitoring Desk: Two more young boys from Pakistan are kidnapped in Thailand but the government of Pakistan is silent over such incidents.The entire Pakistan,...
Pakistan Minority Forum

Pakistan Minority Forum Calls for Urgent Action on Minority Rights: “Promises Must Be Honored”

0
Sahiwal, Pakistan: A powerful seminar held at the Arts Council Sahiwal, hosted by the Sahiwal Minority Forum Pakistan, brought together prominent political and social...
“Ustad Bashiruddin- A Restrained Grace” and “Bleeding Borders”

“Ustad Bashiruddin- A Restrained Grace” and “Bleeding Borders”

0
Lahore, Pakistan: In connection with the celebrations marking 150 years of Mayo School of Arts and National College of Arts, Lahore, Pakistan, the opening...
Advertisement