Bilateral trade; Iranian businesses hope to begin trade with Pakistan
Karachi : Iranian business community hopes that Pakistan would increase trade ties with Iran after lifting of the sanctions.
A 19-member delegation of the TDAP, led by its Chief Executive SM Muneer was in Iran from August 21 to August 25 for enhancing trade with Iran, said statement issued by the TDAP.
“Iran and Pakistan can boost trade, transportation and ports,” said Vice President of Tehran Chamber of Commerce and Industry Mehdi Jehangiri at a meeting with Trade Development Authority of Pakistan (TDAP) on Wednesday.
Jahangiri stated that the two countries enjoy good relations and want to increase trade. Both countries have population of more than 270 million and common border of 900km. The present the level of economic relations is not satisfactory and there is a dire need to increase it, he added.
He said that the present volume of trade was only $830 million, adding that with sharing capacity of both the countries, we can achieve higher figures.
Recently, the Iranian president visited Pakistan and emphasised that trade volume between Iran and Pakistan should reach to $5 billion, which could happen only with the help of private sector. He said that in the past decade there were sanctions but now sanctions were lifted and JCPOA has been signed. “We have achieved great success without bloodshed and war. Our brother Pakistan stood with us. Now we are beginning new round of cooperation,” he added.
Jahangiri said that we could extend trade, transportation, ports and start cooperation in power and electricity can play important role with Pakistan. Pakistan could also export rice, mangoes and kinnos to Iran. He emphasised that it was critical to stop smuggling through proper planning and reduction in tariffs to fulfill all the formal legal requirements.
“On our side, Tehram chamber is the largest private entity and we will try our best for the removal of all types of barriers in order to promote Pak-Iran trade. All out efforts will be made to enhance investment and to facilitate the investors coming from Pakistan,” he added.
TDAP chief executive suggested arranging a single country exhibition in Karachi or Lahore, to which Jahangiri said he would send the proposal to the concerned quarters and follow up to organise the exhibition in Pakistan.
Source : Online