Canada - Pakistan (Sylodium the global platform)

Canada - Pakistan

Canada is interested to boost trade ties with Pakistan, according to the Political and Trade Counsellor of Canadian High Commission, Denis Chouinard.

He said to enjoy strong ties which not only help in information sharing but also support in further strengthening trade relations between the two countries, Canada is eager to boost trade ties with Pakistan and various measures have been adopted for wooing foreign investments.

He informed that trade volume between the two countries was recorded at $ 379 million in 2012-13 whereas Pakistan's exports to Canada were $ 228 million against $ 225.80 million in 2011-12 and imports from Canada totaled $ 151 million in 2012-13 against $ 365.10 million in 2011-12.

The balance of trade has remained in favour of Canada from 2006 until 2012. However, during 2012-13, a drastic reduction in Pakistan's import from Canada was observed which made the balance of trade favorable for Pakistan. This steep reduction during 2013 was mainly driven by decline in import of oil seeds, dried vegetables and coal.

 

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