Signing of MoU between ‪‎Iran‬ and ‪Pakistan‬ on Five Years Strategic Trade Partnership Plan

‪‎25032016-2Minister‬ for ‪Commerce‬, Engineer Khurram Dastgir Khan and H.E. Mohammad Reza Nematzadeh, Minister for Industry, Mining and Trade of Iran signing a Memorandum of Understanding (MoU) between ‪‎Iran‬ and‪ ‎Pakistan‬ on Five Years Strategic Trade Partnership Plan on March 25, 2016. Mr. Khan termed the signing of the 5 Year Strategic Trade Cooperation Plan 2016-2021 as the beginning of a new era which provides a great opportunity for the people of two nations to enhance economic cooperation to new heights. He said that the proposed measures to increase bilateral trade include start of negotiations on Pakistan-Iran Free Trade Agreement, holding of single country exhibitions in each other’s country, visits of delegations to/from Iran, removal of non-tariff barriers, regular holding of meetings of Joint Border Trade and Joint Trade Committees, reactivation of Joint Business Council, opening of additional international border crossing points and establishment of border markets.

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