Look-east policy: economic cooperation between Russia and Pakistan

The aim of this research is the analysis of the contemporary tendencies in mutual cooperation between Russia and Pakistan in 2000s. The latest emerging recovery in the Russia-Pakistan interaction is due to the complicated political situation in which Russia and Pakistan appeared to be several years ago on the one hand as well as the gradual reduction of weighted average tariffs of both countries on the other hand. The author examines the modern composition of the Russian exports to Pakistan and imports from this country. The author draws the attention to the fact that apart from the mutual trade Pakistan is of some interest to Russian companies in terms of participation in large and medium-sized economic projects in such areas as energy (construction of hydroelectric power plants, dams etc.), oil and gas production and processing, metallurgy (modernization and overhaul of equipment of enterprises built with the assistance of the USSR), agriculture, infrastructure and irrigation projects. Among the important obstacles to economic cooperation, including investment and military-technical interaction, there are the geopolitical aspirations of the parties. The geopolitical interests of Russia and India, as well as Pakistan’s long-term focus on the United States (now and China), reduce the possibility of expanding cooperation between Russia and Pakistan.

Keywords

Russia-Pakistan economic cooperation, Russia-Pakistan trade

Publication date

25.03.2019

Number of characters

19619

Cite

GOST	Galistcheva N. “Look-east policy”: economic cooperation between Russia and Pakistan // Asia and Africa Today – 2019. – Issue 2 C. 17-22 [Electronic resource]. URL: https://asaf-today.ru/S032150750003730-5-1 (circulation date: 25.04.2024). DOI: 10.31857/S032150750003730-5
MLA	Galistcheva, Natalia V. "“Look-east policy”: economic cooperation between Russia and Pakistan." Asia and Africa Today 2 (2019):17-22. DOI: 10.31857/S032150750003730-5
APA	Galistcheva N. (2019). “Look-east policy”: economic cooperation between Russia and Pakistan. Asia and Africa Today (2), pp.17-22 DOI: 10.31857/S032150750003730-5

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