Pakistan, Iran endeavor to achieve bilateral trade target of $5 bln

December 04, 2018: Pakistan and Iran have agreed to hold 21^st session of the Joint Economic Commission (JEC) early next year, to discuss measures for enhancing bilateral trade to achieve annual target of $5 billion through facilitation of business communities, scaling down of trade barriers and speedy progress on facilitating preferential trade.

The agreement to this effect was reached during the 10th round of Pak-Iran Bilateral Political Consultations, with Foreign Secretary Tehmina Janjua and Deputy Foreign Minister of Iran Syed Abbas Araghchi, leading their respective delegations in the meeting. 

Bilateral Political Consultation between Iran and Pakistan was one of the several important institutional mechanisms to regularly review and chart the way forward in various areas of cooperation.

The Bilateral Consultations provided the opportunity to review the progress made under various other institutional mechanisms concerning consular, economic, trade and border related issues between the two sides.

Both side agreed on the need to further improve railway connectivity between the two countries.

Views were also exchanged on other important regional and international issues including the situation following the US unilateral withdrawal from JCPOA, the situation of human rights in Kashmir, and the conflict in the Middle East.

(APP)