ISLAMABAD: Ministry of Commerce in consultation with Ministry of Foreign Affairs is reaching out to Eurasian Economic Union (EEU) to initiate a dialogue for free trade agreement.
According to Ministry of Commerce, Pakistan and Russian Federation have not signed any trade agreement in last three years.
Russian Federation is a member of Eurasian Economic Union (EEU), which is a customs union of Russian Federation and other former soviet states.
The bilateral trade between Pakistan and Russian Federation was 390.29 million dollar during 2104-15, exports to Russia federation was 183.84 million dollars and imports 206.45 million dollars. Trade Development authority of Pakistan (TDAP) TDAP is arranging participation of 15 exhibitors in the International Sports Exhibition in Moscow in February, 2016
In order to bolster bilateral trade between the two countries, Trade Development Authority of Pakistan ( TDAP) held a seminar in Lahore in 2014 to create awareness among the exporters.
TDAP arranged participation of 12 exporters from agricultural sector in World Food Moscow exhibition in 2015 with the view to help them introduce and capture Russian Market.
In order to get competitive market access in Russian Federation by lowering the customs duties applicable on Pakistani goods, Ministry of Commerce has requested Ministry of Foreign Affairs to request Eurasian Economic Union for initiation of talks for a Free Trade Agreement.
Heimtextil Moscow is one of the leading, exhibition for textile products and TDAP arranges participation of Pakistani exporters in this exhibition every year.
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