Lifting economic sanctions against Iran to increase Azerbaijani, Pakistani trade
Baku, Azerbaijan, Nov. 30
By Anvar Mammadov - Trend:
Lifting economic sanctions against Iran in the future will certainly increase the volume of bilateral trade between Azerbaijan and Pakistan, London Chamber of Commerce & Industry (LCCI) President Sheikh Muhammad Arshad said, the Customs Today news agency reported.
He made the remarks within the framework of the meeting with Ambassador of Azerbaijan Dashgin Shikarov.
"It can be assumed that Pakistan can easily transport goods via Iran to Azerbaijan which will be beneficial for two way trade," he said.
The LCCI President said that it was very unfortunate Pakistan does not figure prominently among the trading partners of Azerbaijan.
He said that the main reason of such a low level of trade is lack of proper information about each other's markets. He proposed that the commercial sections of the respective embassies should share market survey reports with their national chambers.
Sheikh Muhammad Arshad said that it is necessary to increase private to private contacts and bilateral trade.
He went on to add that the ground realities favor trading of such products which are light in weight and costly in terms of value.
"Since the businessmen choose to get their shipments airlifted because of difficult and risky land routes, so, we need to identify more such items like sports goods, technical/medical apparatus, tobacco and precious stones etc.," he said.
He said that Azerbaijan is keen to strengthen trade and economic ties with Pakistan. He went on to add that joint efforts from the business community of both sides can help tap huge potential exist in both countries.
Sheikh Muhammad Arshad said that bilateral trade between the two countries could be flourished through exchange of trade delegations and holding of single country exhibitions, inviting the Pakistani businessmen to participate in the exhibition and forum being planned for April 2016 in Azerbaijan and Pakistan.
The trade turnover between Azerbaijan and Pakistan in January-October 2015 amounted to $1.62 million, $1.37 million of which accounted for import from Pakistan, according to the State Customs Committee of Azerbaijan