BAKU, Azerbaijan, May 5
By Elnur Baghishov – Trend:
The creation of joint border trade markets between Iran and Pakistan in the near future will contribute to trade between the two countries, Deputy Minister of Industry, Mine and Trade of Iran, and Head of the Trade Promotion Organization of Iran (TPOI) Hamid Zadboum said, Trend reports citing the organization’s website.
He made the remark in a webinar attended by officials of the two countries.
Zadboum said that the main purpose of creating joint border trade markets is to improve the living standards of the population in border areas.
The deputy minister added that discussions were conducted to determine a number of issues including, the exact border areas for the creation of border trade markets, as well as design, construction work, and the goods to be traded in the markets.
According to the head of the organization, the launch of cross-border trade markets is in the interests of both sides.
Reportedly, an agreement on the establishment of border trade markets between Iran and Pakistan was signed by officials of the two countries.
According to the statistics of the Trade Promotion Organization of Iran (TPOI), the trade turnover between Iran and Pakistan amounted to 2.72 million tons worth $1.18 billion over the last Iranian year (from March 20, 2020, through March 20, 2021). Trade turnover decreased by 18 percent compared to the preceding Iranian year.