Iran government cabinet members agreed with an appendix to Iran-Syria free trade agreement that lowers the customs tariff on goods included in that agreement from 4 percent to zero, Trend reports citing IRNA.
In the Sunday cabinet session, headed by the president, the Ministry of Industries, Mines and Trade was allowed to negotiate, edit and sign the appendix to the additional protocol of Free Trade Agreement between the Government of the Islamic Republic of Iran and the Arabic Republic of Syria.
The appendix to additional protocol of that agreement between the Iranian and Syrian governments to decrease the customs tariff on the goods indicated in that free trade agreement from 4 percent to 0 percent, based on the added value at the origin of the goods, also includes the services and the procurement.
Permission for Iran-Pakistan free trade agreement issued
The cabinet members, meanwhile, keeping in mind the huge volume of capacities in Iran's eastern neighbor, Pakistan, for expansion of bilateral trade and turning that country into an important export market for Iran, issued the permit for the Industries, Mines and Trade Ministry to negotiate, revise, and sign a temporary free trade agreement between the Islamic Republic of Iran and the Islamic Republic of Pakistan.