Iran, Pakistan Set $5 Billion Trade Target In 5 Years


According to the document of Five-Year Strategic Trade Cooperation Program between Iran and Pakistan, the bilateral trade between the two neighbors will reach $5 billion until 2028. 

Speaking with IRIB on Saturday, Head of the Trade Promotion Organization of Iran (TPOI) for Indian Subcontinent Affairs Hadi Talebian Moghaddam said Pakistan, which has about 1,000 kilometers of land border, is very important for Iran.

Focusing on trade exchanges with the Asian countries, especially the neighbors, is the main approach of the administration of Iranian President Ebrahim Raisi, which can be clearly observed in policies of the government, he underlined.

Talebian Moghaddam referred to the visit of Iranian Foreign Minister Hossein Amirabdollahian to Pakistan and added that a five-year strategic trade cooperation document was inked for a five-year period.

Under the document, the trade value between Iran and Pakistan will increase up to $5 billion in five years, he stressed.

Elsewhere in his remarks, the Iranian official pointed to the Preferential Trade Agreement (PTA) between Iran and Pakistan, saying such agreement was launched in 2006 in line with policies to bolster trade and economic ties.

The fifth round of Iran-Pakistan Business Forum will kick off next month, he added.

He then pointed to Pakistan’s willingness for bartering goods with Iran and stated that the bartering deal had been already carried out between the two countries traditionally and in very low volumes, but this important issue will be strengthened in the current administration optimally.

Tasnim News Agency

Tasnim News Agency, which claims to be a private news agency in Iran but is reported be close to the IRGC, was launched in 2012. Its purpose is to cover a variety of political, social, economic and international subjects along with other fields.

Leave a Reply

Your email address will not be published. Required fields are marked *