Iran, Pakistan vow to expand trade ties and railway connectivity

iran-pakistan-vow-to-expand-trade-ties-railway-connectivity
Iran, Pakistan vow to expand trade ties and railway connectivity

At the 10th round of Pak-Iran Political Consultations in Islamabad, Pakistan and Iran have agreed to enhance their trade relations and improve railway connectivity.

On Tuesday, at Pak-Iran Political Consultations, Pakistani side was led Foreign Secretary Tehmina Janjua while Iranian side by its Deputy Foreign Minister Syed Abbas Araghchi.

Both sides agreed to hold the 21st session of the Joint Economic Commission early next year.

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

Both sides also discussed:

  • Measures to enhance bilateral trade to achieve the annual target of US 5 billion dollars
  • Scaling down of trade barriers
  • Speedy progress on facilitating preferential trade

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

Religious and socio-cultural affinities:

Both sides expressed satisfaction at the continuing warmth in the bilateral relationship anchored in religious and socio-cultural affinities.

The border of friendship:

A long border of friendship between Iran and Pakistan has provided a means for regular people-to-people contacts over the centuries.

In recent years, both countries have also provided each other principled support on the issues of Kashmir and the JCPOA.

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Providing Bilateral Consultations:

The officials said that bilateral consultations provide the opportunity to review the progress made under various institutional mechanisms. It includes economic, trade and border-related issues between the two sides.

Some more views:

Views were also exchanged on other important regional and international issues including the situation following,

  • The US unilateral withdrawal from the nuclear deal
  • The situation of human rights in Kashmir
  • The conflict in the Middle East

Facilities for the pilgrims:

Ways and means were also discussed to facilitate the growing number of pilgrims traveling every year to Iran from Pakistan.

iran-pakistan-vow-to-expand-trade-ties-and-railway-connectivity
Iran, Pakistan vow to expand trade ties and railway connectivity

Restoring peace:

The officials stated that Pakistan and Iran, as the major geographic neighbors of Afghanistan also have the commonality of views and future approach to restore complete peace and stability in the country.

Conclusion:

It was noted that fully supporting an Afghan-owned and Afghan-led peace and reconciliation process is the best way to overcome the serious security and politico-economic challenges faced by Pakistan and Iran.

A coordinated approach in this regard is important to safeguard the core interests of both Pakistan and Iran in this situation.

Earlier in November, Iranian and Pakistani officials in a meeting in Karachi had underlined the need for broadening mutual cooperation between the two countries.

During the meeting, both sides had explored avenues for bolstering and reinvigorating bilateral relations in trade and economic fields.

 

Source: The Nation

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