LAHORE - The Ambassador of Ukraine Volodymyr Lakomov has said that Pakistani textiles, pharmaceuticals, herbal medicines, rice, fruits, surgical goods, sports goods have a huge potential in Ukraine therefore Pakistani businessmen should avail opportunities in these areas.
The ambassador said that agriculture and dairy sectors also have bright prospects for cooperation between the two countries. He said that Ukrainian government is working out visa liberlisation plan that would be a big step in bringing the businessmen closer.
The ambassador, who spent well over an hour at the Lahore Chamber of Commerce and Industry, said that a special focus is being given towards the dissemination of trade related information. Volodymyr Lakomov said that the worth of Ukrainian textile market is more than $7 billion but Pakistan has a very small share that could be increased with a little sector-specific effort. The ambassador said that Ukrainian government is ready to extend maximum cooperation for Pakistani specific exhibition in Ukraine.
Speaking on the occasion, the LCCI President Farooq Iftikhar stressed the need for cooperation in energy, steel and technology. He said that Ukrainian engineering sector is another area where Pakistan can benefit from the processes and consequent product development.
Iftikhar said that Pakistani businesses were specifically eyeing the prospects of transfer of technology. Likewise, opportunities exist in cooperation between the heavy industry establishments in Ukraine and the emerging engineering sector in Pakistan in the form of joint ventures with third country market in view.
The LCCI President said that Ukraine is known for manufacturing top of the line turbines in the world. These turbines are available in wide range. Pakistan is facing acute energy crisis and we are in pursuit of utilising all the available options of generating electricity ranging from hydro, thermal and gas.
In the domain of natural resources, Ukraine is home to metals and alloys which are being utilised in the engineering and other sectors of the manufacturing activity. There is a need to explore that area for a mutually beneficial match-making.