Pak-Iran 8th Joint Trade Committee Meeting

Islamabad July 05, 2019. An Iranian delegation led by H.E. Reza Rahmani, Minister for Industries, Mine and Trade called on Mr. Razaq Dawood, Advisor to PM on Commerce, Textile, Industries & Production and Investment in the first session of 8th Pak-Iran Joint Trade Committee to conclude the mutual understanding/agreements in the wake of 8th JTC.

Both sides agreed to resolve all the outstanding issues pertaining to bilateral trade and in order to enhance the bilateral trade between both the countries. The Advisor to PM assured full cooperation to build trade relations by extending all kind support.

He promised to establish a dedicated desk in Trade Development Authority of Pakistan in Islamabad with the commitment to address the prevalent issues forthwith; and Iranian Minister also resolved to make the same arrangement in Iran to enhance the mutual cooperation. The Iranian Minister appreciated the Advisor’s stance on the bilateral trade issues and agreed to put effort to enhance trade with Pakistan. The Advisor informed the delegation that Pakistan intends to increase the bilateral trade and economic ties.

Iranian side acknowledged the fact that Pak-Iran trade relations are not matching the real potential. They emphasized the requirement of the constitution of a committee for barter trade. Both the countries have huge potential in agriculture which is not yet exploited, they highlighted.

The Iranian delegation extended its full support to work on removal of potential bottlenecks to increase trade and jointly develop a way forward.