Pakistan and Russia on Thursday agreed to change statistical knowledge on mutual commerce and signed a memorandum of understanding (MoU) between the customs departments of each nations.
The MoU ceremony was held on the sidelines of the Saint Petersburg Worldwide Financial Discussion board between the Pakistan Customs and the Federal Customs Service (Russian Federation), stated the assertion by the Embassy of Pakistan in Russia.
The memorandum was signed by Pakistan’s Ambassador to Russian Federation Shafqat Ali Khan whereas Secretary of Commerce Muhammad Saleh Farooqi witnessed the ceremony.
With a view to implement this memorandum, each events will cooperate within the sphere of change of knowledge on the methodology used for the upkeep of international commerce statistics, its vital adjustments, in addition to the change of statistical knowledge on mutual commerce, besides knowledge not topic to disclosure or constituting a state or business secret.
The aim of the change of knowledge on the methodology used for the upkeep of international commerce statistics, in addition to the change of statistical knowledge outlined on this memorandum, might be to supply either side with the required data on mutual commerce.