Commerce between Sweden and Pakistan

Bilateral commerce between Sweden and Pakistan dates again to the founding of Pakistan. Swedish export was rising steadily till Pakistan carried out its first nuclear arms take a look at in 1998, which led to worldwide isolation. As a consequence, exterior commerce fell sharply. Throughout current years financial reforms, privatizations and liberalization of commerce have began to bear fruit. In spite of the present tough safety state of affairs the economic system in addition to the exterior commerce is now rising.

The worth of Swedish export to Pakistan was approx. SEK 2 805 million (USD 440 million) in 2010 and the Pakistani export to Sweden quantities to approx. SEK 780 million (USD 120 million). It ought to even be talked about that Swedish worldwide chain-stores purchase Pakistani items for export to different markets than Sweden.
Main Swedish export sectors are paper and pulp, telecommunication gear, equipment, vans, chemical compounds, metals and protection gear. Swedish multinational firms comparable to Ericsson, Saab, Tetrapak, Volvo, ABB, Atlas Copco, Oriflame and Alfa Laval dominate the Swedish exports.
Pakistan exports to Sweden consist primarily of textile, clothes, leather-based and sports activities items. Ikea, H&M and Lindex are main patrons of textile merchandise and have their very own places of work in Pakistan.
The next Swedish firms have made direct investments in Pakistan: Tetrapak, Millicom, Saab and GAC.
Sweden and Pakistan have concluded agreements on mutual safety of investments (1981) and avoidance of double taxation (1986).
As a member of the European Union (EU) since 1995, Sweden adheres to the frequent commerce coverage established by the EU.
The Swedish Embassy in Islamabad is energetic in selling Swedish exports to Pakistan. Details about Swedish exports could be discovered within the Swedish Export Listing at www.swedishtrade.se
The promotion of bilateral commerce is a typical endeavour of the Embassy of Pakistan in Stockholm and the Swedish Embassy in Islamabad.
Minister for Commerce Ms. Ewa Björling visited Pakistan in 2010 accompanied by a Commerce Delegation comprising of 12 Swedish firms and establishments with the goal of selling bilateral commerce. Equally, Minister of Commerce Makhdoom Amin Fahim additionally paid a go to to Sweden in 2010.
Helpful data and help concerning commerce with Sweden could be discovered at:
> www.cci.se
an outline of the Swedish market – the way it works, its enterprise tradition, commerce laws, normal details about Sweden, helpful addresses, and so forth.
> www.chambertrade.com
a gathering level the place enterprise contacts and cooperation companions could be discovered. Overseas exporters can register their provides in a knowledge base to get involved with potential Swedish enterprise companions
> www.cci.se
market stories with particular details about the Swedish marketplace for numerous product teams
> www.opentradegate.se
gives exports in growing nations with details about commerce guidelines and laws for the Swedish and EU market. Providers are freed from cost
> www.swedfund.se
specialises in advanced, high-risk funding environments. It has greater than 30 years of expertise in rising markets and may present an in depth worldwide community.

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