Iran and Pakistan seek to increase bilateral trade
volume to almost five billion dollars per year.
Speaking at the 'Cross-border Roundtable' organised by the Pakistan, Afghanistan Joint Chamber of Commerce Industry (PAJCCI) in collaboration with Centre for Research and Security Studies (CRSS) and Safe World, a UK-based independent international organisation here on Saturday, representatives of the PAJCCI said that due to uncertain political ties between the two neighboring countries, the economic and social ties have been badly hurt as it is evident by the continued nosedive trend in bilateral trade
mainly caused by the fast-growing trust deficit.
He hoped that bilateral trade
would further be enhanced by exchanging frequent exchange visits of business delegations.
During the course of discussion with businessmen, Russian envoy held out assurance of cooperation in increasing bilateral trade
, economic cooperation, investment promotion, shifting of modern machinery, development in oil and gas exploration, mining, transport and hydel power generation.
During the meeting between Mr Abbasi and King Abdullah, it was agreed that bilateral trade
needed to be increased to a level that is commensurate with the level of political ties between the two countries that enjoy commonality of views on several regional and international issues and matters concerning the ummah.
Speaking at the occasion, Sheikh Amir Waheed, President, Islamabad Chamber of Commerce and Industry said that Pakistan and Iran enjoyed good relations, but given the size of the economies of both countries, their bilateral trade
was far below the actual potential.
There has been growing trend in the bilateral trade
, since the signing of free trade agreement between the two countries.
The industries with growth prospects in bilateral trade
were listed machinery, electronics and electrical engineering, construction, food and beverages, textiles and knitwear, IT, outsourcing, etc.
China wishes to promote the export of high value-added products to Britain while making good use of Britain's advantage in high-end manufacturing, high and new technology, and research, to expand bilateral trade
, Gao said in an interview with Xinhua.
Pakistan now aims at $01 Bn in bilateral trade
with Sri Lanka.
The potential of Azerbaijan and Kyrgyzstan allows to expand economic ties, investments and to increase bilateral trade
manyfold, Ambassador of Azerbaijan to Kyrgyzstan Gidayat Oruzhev said in an interview with Tazabek.
STAFF REPORT KHI: Pakistan and Philippine have agreed to establish a joint business council that would contribute to bilateral trade
and open new avenues for joint ventures in various business sectors.