Economic Cooperation between Pakistan and Australia

Export & Imports of Australia:

Total Exports of Australia: US$ 184.3 Billion

Total Imports of Australia: US$ 205.1 Billion

Pakistan’s Trade Relations with Australia

Pakistan’s Export to Australia: US$ 175.6 Million

Pakistan’s Imports from Australia: US$ 537.6 Million

Potential Areas of Cooperation

 Agriculture,
 Livestock,
 Education & Skills development
 Information Technology
 Energy
 Exploration of Natural Resources
 Health
 Water Conservation

 Australia has a well developed dairy and livestock sectors and Pakistani
counterparts can benefit from Australia for enhancements in milk and meat
production
 Australian government is extending liberal scholarships to the Pakistani
students and at the moment more than 15000 students are studying in various
universities of Australia. LCCI is of the view that these scholarships should be
increased to offer more opportunities to the Pakistani students
 Livestock accounts for more than 10% for the GDP and is considered to be a
net source of invariable income for rural and middle grade agri-business
holders. Livestock is the main industry that can be used for poverty alleviation
in rural areas. Pakistan lags behind in technological innovation in agriculture
and livestock. Excessive agriculture produce gets wasted due to lack of post
harvest technology. Australia should share its advanced agro-technology,
expertise and quality seeds with Pakistan to improve productivity and quality of
its agro products.
 Pakistan is in the driving seat globally in IT sector with young and talented pool
of IT professionals and this area has great potential for mutual cooperation
between the two countries.
 Water conservation and optimum utilization of water is another area of great
interest for Pakistan and Australia as both could face water shortage issue.
Strong cooperation in this area could help both countries to cope with this
challenge more effectively.
 Australia can supply LNG to Pakistan to overcome its energy issues.