Pakistan and Iran have agreed to barter trade and enhanced electricity and airline cooperation and the concerned ministries will form a mechanism to implement this plan.
This agreement came at the 8th Joint Trade Committee (JTC) meeting of Pakistan and Iran held in Islamabad. That JTC concluded with signing of an MoU to promote bilateral trade and investment.
Prime Minister’s Adviser on Commerce, Textile, Industries and Production Abdul Razak Dawood and Iranian minister of Industry, Mining and Trade Reza Rahmani signed the MoU.
Most importantly, they have agreed on barter trade/border trade.
During the two-day JTC meetings both sides had constructive discussions on strengthening of economic cooperation, barter trade and maritime cooperation.
Most importantly, Pakistan and Iran have agreed on barter trade/border trade and enhanced electricity and airline cooperation.
Iran minister Reza Rahmani confirmed they had very useful discussions with Pakistani officials. He also cited his meetings wit Prime Minister Imran Khan on promotion of bilateral trade.
Furthermore he noted constructive meeting with Federation of Pakistan Chambers of Commerce and Industry (FPCCI).
Moreover, he found that the two-day JTC meeting paved the way for promotion of bilateral and removal of hurdle in this regard.
He said MoU would help increase border cooperation to facilitate traders and making the private sector more effective.
The minister said there is no limitation on Iran, Pakistan trade ties. Hence, he urged the private sector of the two states to play their role in this regard.
Rahmani added that strengthening of ties with neighbors is main feature of Iran’s foreign policy.
Pakistan Iran agreement