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Hammering out issues hampering trade

06 December, 2012

ISLAMABAD: Tehran is to review trade policies related to Pakistan later this month in a conference to hammer out all issues hampering trade and boost bilateral trade, a top Iranian official said on Wednesday.

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ISLAMABAD: Tehran is to review trade policies related to Pakistan later this month in a conference to hammer out all issues hampering trade and boost bilateral trade, a top Iranian official said on Wednesday.

Pakistan's business community should participate in the moot to help formulate appropriate trade policy for ensuring sustainable trade between the two countries, said head of the visiting Iranian delegation, National Security and Foreign Policy Committee Chairman Alaeddin Boroujerdi.

Speaking to the business community at the Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) Capital Office, Boroujerdi said that all the issues being faced by Pakistani business community will be forwarded to the parliament for swift resolution.

Senator Mushahid Hussain, FPCCI VP Mirza Abdul Rehman, Iranian Ambassador Alireza Haghighian, FPCCI Coordination Committee Chairman Atif Ikram Sheikh, former FPCCI president Mian Habibullah, former FPCCI VP Zubair Ahmed Malik, FPCCI Media and Diplomatic Affairs Chairman Malik Sohail, RCCI VP Ch Pervaz Ahmed Waraich, Gujrat Chamber President Adnan Iqbal and presidents and VPs of ACCI, IWCCI and traders of Blue Area and other markets were also present on the occasion.

Boroujerdi said that Iran was committed to the gas pipeline with Pakistan and also offered to help constructing the pipeline in Pakistan as well as by providing a total of $500 million.

We are looking forward to the visit of President Asif Ali Zardari to Tehran on December 7 to finalise the key agreement on the multi-billion dollar gas pipeline, he informed. He said that once Iran gas starts flowing into Pakistan it will settle the problem of energy scarcity in Pakistan. We are impressed by the warm welcome given to us and practical wisdom of the business community here, other members of the delegation said.

Speaking at the occasion, Senate's Defence and Defence Production Committee Chairman Senator Mushahid Hussain Sayed said that the two brotherly countries share common perception on many issues and we will continue to support each other on regional and international issues.

Iran has a unique distinction of being the first country to internationally recognise the status of Pakistan in 1947, he said. He lauded the efforts of CACCI VP Tariq Sayeed, SAARC CCI VP Iftikhar Ali Malik and FPCCI President Haji Ghulam Qadir Sherani to boost regional trade.

Speaking on the occasion, FPCCI VP Mirza Abdul Rehman asked Iran to do best to resolve energy crisis, facilitate Pakistani exporters facing some problems, settle visa issues, improve quality certification standards and ensure smooth flow.

FPCCI coordination committee chairman while underlining the need for enhanced trade said this visit and today's meeting should begin a new phase of relations between the two nations with bilateral trade doubling in one year. FPCCI media chairman demanded provision of proper information, concessional import policy and establishment of common border market to reduce informal trade. Tehran should reduce import duty on rice and boost imports to reduce trade imbalance, he said. The two countries should explore more possibilities of augmented barter trade through closer cooperation between public and private sector as relationship between two countries could go a long way in the presence of good rail, road, air and sea links.

End.


 
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