TEHRAN: Iran Customs Administration has announced that the country exported commodities worth $704 million to Pakistan during the first seven months of the current Iranian calendar year (March 21-October 22).
A local media report quoted spokesperson for the Islamic Republic of Iran Customs Administration (IRICA) saying that the weight of exported goods stood at 1.6 million tons, and petroleum gases, oil bitumen, industrial dry milk, liquefied natural gas and liquefied butane were the major products exported to Pakistan.
Also read: Pakistan-Iran Joint Border Commission agrees on boosting bilateral trade
He said that Iran had imported 512,000 tons of commodities valued at $563 million from Pakistan in the first seven months of the present year, while rice, mango, sesame seeds and banana remained the main items imported from Pakistan.
It may be recalled that last month, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) and Federation of Pakistan Chambers of Commerce and Industries (FPCCI) signed three memorandums of understanding (MOU) with the aim of expanding economic cooperation between the private sectors of the two countries.
The MOUs were signed during a visit of an Iranian private sector delegation headed by ICCIMA Head Gholam-Hossein Shafeie to the Pakistani cities of Karachi and Lahore.
Based on the signed memorandums, the two sides agreed to strengthen comprehensive cooperation between the private sectors of the two countries, to establish a joint trade council of Iran and Pakistan, and to determine a mechanism to resolve trade disputes.
Accordingly, the Iran-Pakistan Joint Trade Council will work together with the Iran-Pakistan Joint Chamber of Commerce to strengthen economic relations between the two neighbors.
ICCIMA and FPCCI will also resolve the trade disputes between businessmen and traders through a channel separated from the two countries’ legal systems.
