Iran, Pakistan to push for free trade agreement


Iran, Pakistan to push for free trade agreement

 

 

Vice President of Iran Chamber of Commerce, Industry, Mines, and Agriculture says Iran and Pakistan private sectors should push for free trade agreement between the two countries.

Pedram Soltani, Vice President of Iran Chamber of Commerce, Industry, Mines, and Agriculture (ICCIMA), who was hosting Mohammad Muneer, head of Trade Development Authority of Pakistan, said that the two countries should work to remove obstacles to trade.

Soltani asked for removal of trade restrictions including banking problems and visa regulations and development of road and rail transport infrastructures between the two countries and said: “Preparing needed infrastructures and requirements is the first step for signing a free trade agreement between Iran and Pakistan.”

 

“The two neighboring countries could supplement each other in terms of natural resources and export products,” Vice President of Iran Chamber of Commerce said. “I believe that Iran and Pakistan, as members of Next Eleven countries, have extensive opportunities for cooperation and healthy competition.”

 

Soltani also mentioned the water management as a top priority in Iran saying “trans-boundary rice cultivation” could be considered as another joint field of cooperation between the two nations.

 

“Different types of tourism including medical tourism, pilgrimage tourism, cultural tourism and ecotourism are still ripe between Iran and Pakistan and would flourish with inclusive planning and management,” he said.

 

Pakistan ready for expansion of economic ties

Mohammad Muneer, head of Trade Development Authority of Pakistan, referred to road, rail and aerial transportation opportunities between Iran and Pakistan and asked for development of free trade zones between the two countries.

“Pakistan has signed preferential trade agreement with Malaysia and Turkey. The proposal for a similar agreement between Pakistan and Iran was brought up during the recent visit by President Rouhani to Islamabad that I hope would be finalized as soon as possible,” Muneer said.

Expansion of trade ties, Muneer said, needs resumption of banking ties between Iran and Pakistan. He asked for close cooperation of Iran and Pakistan central banks in order to remove banking restrictions.

Source: ICCIMA

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