March 8, 2021

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Tehran-Islamabad High Trade Capacity

Tehran-Islamabad High Trade Capacity
Tehran-Islamabad High Trade Capacity

Director-General of the Asia-Pacific Office at Iran’s Trade Promotion Organization (TPO) Seyed Reza Seyed Aghazadeh believes the capacity for trade between Iran and Pakistan is high.

TEHRAN (Iran News) – Director-General of the Asia-Pacific Office at Iran’s Trade Promotion Organization (TPO) Seyed Reza Seyed Aghazadeh believes the capacity for trade between Iran and Pakistan is high and in case the required infrastructures are paved, their bilateral trade can enhance to $14b.

Seyed  Aghazadeh said the first online trade meeting of Iranian and Pakistani knowledge-based companies was held and said that estimates show that in case infrastructures are prepared, Iran and Pakistan can enhance their trade volume to $14b.

He went on to say that Pakistan as a friendly neighboring country has a huge capacity for increasing its trade with Iran in terms of quantity and quality that one of the grounds for cooperation is reinforcing joint cooperation due to Iran’s energy sources and production.

Seyed Aghazadeh added that Pakistan is the fourth export destination for Iran’s products among the neighboring countries and their bilateral trade has stood at $840m in the first 9 months of the current year.

He added that Iran’s exports to Pakistan in 9 months are valued at $71m and in return, its imports have been around $131m.

He went on to say that both countries can focus on barter trade and finding practical mechanisms for it.

Meanwhile, Pakistan Ambassador to Tehran Rahim Hayat Qureshi addressing the webinar expressed his country’s interest, especially Pakistan Prime Minister’s, in expanding trade and economy with Iran by using the border trade capacity and implementing existing agreements like preferential trade agreements.

He went on to say that due to restrictions because of the coronavirus pandemic, using virtual space capacity for holding such webinars is a valuable opportunity and called for more support from the companies active in the field of knowledge-based and technical services.

  • source : IRAN NEWS

Original News : https://irannewsdaily.com/2021/02/tehran-islamabad-high-trade-capacity/

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