News ID: 266284
Published: 0445 GMT February 28, 2020

Tehran Chamber after raising trade with Pakistan

Tehran Chamber after raising trade with Pakistan

Tehran Chamber of Commerce, Industry, Mine and Agriculture (TCCIMA) Head Masoud Khansari said that instead of waiting for trade promotion strategies to be devised at the government level, business communities will have to sit together and make collective efforts with a view to further promoting trade and investment cooperation between Iran and Pakistan.

He stressed the need for enhancing interaction between the business communities of Iran and Pakistan in various sectors of the economy through the regular exchange of trade delegations and organizing exhibitions to promote bilateral trade relations, wrote on Friday.

Speaking at a meeting during a visit to the Karachi Chamber of Commerce and Industry (KCCI), he said, “Tehran Chamber and Karachi Chamber will have to seriously focus on connecting various Iranian and Pakistani companies with each other, besides holding regular interaction to discuss and explore trade and investment-related opportunities in Iran and Pakistan.”

He said due to the sanctions, Iran had focused on producing the required products and services on its own and also strived to improve bilateral trade with regional and neighboring countries so that the Iranian economy could stay afloat.

He was of the view that the official and documented bilateral trade between the two neighboring countries stood at around $1.5 billion but the overall trade figure, including the unofficial and undocumented trade, must be somewhere between $3 and $4 billion.

“Iran’s trade volume with Iraq stood at $13 billion and at around $10 billion with the UAE, followed by substantial trade with Turkey and others. We look forward to seeing Pakistan at the same level in terms of trade volume which Iran has been enjoying with Iraq and the UAE.”

Khansari added, “There are a lot of similarities and a huge potential to improve trade and investment ties, hence the two chambers must make collective efforts. In this regard, information about capable companies having good reputation must be shared to facilitate trade while equal attention must also be paid to follow-ups on numerous deals.”

He urged Karachi Chamber to send a high-level trade delegation to Iran after Ramadan in order to explore new avenues of trade and investment cooperation and discuss ways and means as to how numerous trade barriers and obstacles could be dealt with effectively.

Also speaking on the occasion, Iranian Consul General Ahmed Mohammadi said that the commercial section of Iranian Consulate had been making efforts to promote trade and investment between the two countries.

The business community of Karachi must come forward to strengthen trade ties with its Iranian counterparts, he said.


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