Tehran, Islamabad Seek Easing Bartering Goods
IRAN NEWS ECONOMIC DESK
TEHRAN – Director-General of the Asia-Pacific Office at Iran’s Trade Promotion Organization (TPO) Reza Seyed-Aghazadeh and Pakistan Embassy’s Trade and Investment Counsoller Masood Ahmed on the eve of the Ninth Iran-Pakistan Joint Economic Committee meeting met in order to coordinate necessary preparations for the meeting.
Mr. Seyed-Aghazadeh said that in the meeting both sides pointed to finalization of the list of goods for the free trade agreement and expressed hope that with the exchange of the lists before the start of the ninth joint economic committee meeting, new round of trade talks would be held concurrent with the meeting.
Since 2006 the preferential trade between both countries have come into effect, and it is expected with signing the free trade agreement, a better condition for developing trade and investment between Iran and Pakistan would be provided, Seyed-Aghazadeh added.
He said Pakistan is Iran’s fifth export destination market and in the first seven months of the current year, the country has exported goods worth of $492m to Pakistan and in return, goods worth $107m have been imported.
He reiterated that Iran has capacity of exporting $14b to Pakistan and to this end, besides removing all general hurdles in way of trade, it needs efforts and cooperation of private and state sectors of Iran and creation of legal infrastructures and developing ways for exchange of goods between both states.