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Middle East textile Journal February Digital Issue

Sources: Iran Plans to Import Pakistani Textiles

According to the statement, Consul General of Iran Abbas Ali Abdollahi said that unlike presently, when Pakistani textiles and apparel items reach Iran via third country, they wish that these items should directly be shipped to Iran.

During a recent meeting with FPCCI members, the Iranian Consul General said the two nations can boost their bilateral trade to up to US$ 10 billion. He said that though Iran trades with several countries, it is looking forward to enhance its mutual trade relations with Pakistan, the statement stated.

While disclosing that Iranian consul offices have started issuing multiple visa of six months to Pakistani entrepreneurs, he stressed that the two nations should consider trading in their own currencies, rather than in any other currency.

FPCCI President Haji Fazal Kadir Sherani said that in spite of implementation of Preferential Trade Agreement (PTA) in 2006 between Iran and Pakistan, existing bilateral trade volumes between the two nations do not reflect the real potential of the two countries.

Bilateral trade volume between Pakistan and Iran stood at about US$ 265 million in 2011.

Sherani stressed on inclusion of new items in the existing PTA, and also suggested that extent of concessions on some items already forming a part of the PTA should be raised.

About Kohan Journal

Kohan Textile Journal is the leading magazine for the Textile industry, Textile machinery, Synthetic Fibers and Nonwovens in MENA region (the Middle East and North Africa) and is published every two months. It basically emphasizes on textile machinery, textile products, carpet and synthetic fibres distributed among the factories, manufacturers, and traders of floorcovering industries.l

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