• İstanbul 20 °C
  • Ankara 19 °C

Afghanistan, Pakistan ink deal to boost trade ties

Afghanistan, Pakistan ink deal to boost trade ties
Analysts believe Islamabad seeks to regain lost market in neighboring country

By Shadi Khan Saif

KABUL, Afghanistan (AA) - Afghanistan and Pakistan inked an agreement to boost bilateral and transit trade ties, officials said.

Two days ahead of Pakistani Prime Minister Imran Khan’s visit to Kabul, the two South Asian neighbors signed the agreement on "Electronic Data Interchange of Transit Trade" to streamline bilateral trade, said an official statement by the Pakistani Embassy in Kabul.

Razak Dawood, an adviser to Pakistan's prime minister who landed in Kabul on Tuesday, oversaw the signing of the agreement. "Discussions will include bilateral trade, transit trade, PTA [Preferential Trade Agreement] and moving our trade to a more formal and documented arrangement," he tweeted before leaving for Afghanistan.

Economic experts believe Pakistan seeks to regain the lost market in neighboring Afghanistan.

"The volume of annual bilateral trade between Afghanistan and Pakistan was once worth over $5 billion, but now it is just around $1 billion. Due to ailing economy, Pakistan is desperate to regain that market by promising to address longstanding grievances of the Afghan government and traders," Muhib Sharif, a Kabul-based economist, told Anadolu Agency.

According to the Afghan Foreign Ministry, President Ashraf Ghani had extended the invitation to Khan to visit Kabul during their telephonic conversation on Sep. 25. This would be Khan’s maiden visit as Pakistan's prime minister.

source: News Feed
This news is a total 38 time has been read
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
This news yet comment has been added .
Other News
All Rights Reserved © May 2014 US Muslims | Unauthorized and the resources published.
Haber Scripti: CM Bilişim