Afghanistan, Pakistan resume transit trade talks after a three-year hiatus

Pakistan and Afghanistan on Friday resumed talks to iron out differences in the way of transit treaty after a three-year hiatus.
Talks between the two neighbours had collapsed in September 2015 after Kabul insisted on including India in transit treaty negotiations and the trilateral trade agreement involving Pakistan, Afghanistan and Tajikistan.
The turnaround came after Afghan President Ashraf Ghani met with Prime Minister Imran Khan in Islamabad on June 27 where both sides agreed to deepen trade relations.
On Friday, a Technical Working Group (TWG) of Afghan officials met with Adviser to PM on Commerce Abdul Razak Dawood where both sides exchanged their concerns and proposals.
During the meeting, Dawood complained to Afghan officials over the unchecked pilferage of goods through transit trade and asked them to address the issue.
He also asked officials to submit their revised draft on the Afghanistan Pakistan Transit Trade Agreement (APTTA) which has been pending since 2017.
On the other hand, the Afghan side agreed to increase bilateral trade through mutual cooperation by addressing all the issues which are negatively affecting trade relations.
The official leading Afghan delegation proposed a joint commission to resolve issues including transit trade.
He stressed the need to translate political will of leadership in both countries to revive trade ties by cooperating on technical level including understanding of customs authorities on both sides.
Federation of Pakistan Chambers of Commerce and Industries President Daroo Khan Achakzai also welcomed the revival of talks between the two countries on trade issues.
Deliberation on transit trade agreement will lead to increasing the bilateral trade volume, he added.
Pakistan’s exports to Afghanistan peaked at $2.4 billion in 2010-11 and remained north of $2bn mark in 2011-12 and 2012-13 before falling to $1.3bn in 2018-19 after talks between the two sides broke down.
Dawood is expected to visit Kabul next to continue talks and understand issues hampering trade relations between the two neighbours.
Stressing the need to continue negotiations, he pointed out that trade between Kabul and Islamabad can grow if trade barriers are removed.
He also stressed on the need to implement APTTA in true letter and spirit and pointed out that Pakistan can play an instrumental in ensuring Afghanistan’s food security.

COMMENTS

Name

Accident Accounts Adventure Afghanistan Agriculture AID Aircraft Airport Animals Appeal Archaeology Army Arrest Arson Article Assistance automobile Aviation Bangladesh Banks belief birds Blast Blogger Budget Bullion Bureaucracy BUSINESS Calamity Cargo case celebration Celebrity charity Child Labour Child trafficking Chinese Christian civic Clash Cleanliness Climate Coal-mine collapse Commerce Communication Company Condemnation Conflict Corpses Corruption Court crash Crime crimes culture currency Cyber crime Deaths Defence Department Derailment Development Development And Industry Devotees Devotion Diplomacy Diplomat disaster Displaced Dispute drug traffickers Drugs Earthquake Economy Education Election Electricity Embassy Embezzlement Employment Encroachment Energy Enmity Entertainment Environment Excavation Execution exhibition Expert Explosion export Extremism Facility Family Famine Fashion felciation festival Fighermen Finance fire flood Food Food/Agriculture food/health Footwear Foreigners Forests Fortune fraud Freight Friday Fruit Fuel FUNERAL Game Gas Gold Governance Gulf states Hajj handicapped HANG Hate monger Health Heritage Hiousing History hobby Homes Honesty honour Hotel Human Rights Hunting Immigration India Indian Election Industry Infotainment int International internationl Invention Investment journalist judgement Judiciary justice Kashmir KIDNAPPING kiln labour Landslide language Law Lawyers Lay Off Legislation Leisure Lifestyle lightning literature Loan loans Local Manifesto Martyrs Mass Grave Matrimony Media Medical Medicines Migrants Mines Minorities MIRACLE mis mishap mishaps Missing people Misssing Monetary Money Laundering Moon Mosque Mountaineer Murder Muslims n NAB Narcotics National Nature obituary Oppotunity Organisations Overseas pakistani Paliament Parents Passengers PEMRA Petroleum Pilgrims pipeline PIR Police Politician POLITICS pollution Post poverty power Priest Prison prisoners Probe project Properties Proscribed prosecution Protest Railway Real Estate Redcross Refugees Release Religion relion Removal Rescue Reservoir Reunion Revenue Riot Rivalry Satellite Scandal Science Seafood Security Sentence Services shemales ship Shipping Sightseeing Sikh Community smoking smuggling Social Social Media Social Welfare Soldiers Space sports strike Students Suicide Suicide Attack Superstition Taxation Technology telecom Terrorism Theft Tobacco Tourism Trade Trade Union Traditions Tragedy Training transgender Transport Travel Tyranny Umra Usury Vacancies vehicle vendetaa Visa water Weapons weather wedding Wikileaks Wild fire Wildlife woman Women Women trafficking Workers Working class Writers youth
false
ltr
item
South Punjab News : Afghanistan, Pakistan resume transit trade talks after a three-year hiatus
Afghanistan, Pakistan resume transit trade talks after a three-year hiatus
The turnaround came after Afghan President Ashraf Ghani met with Prime Minister Imran Khan in Islamabad on June 27 where both sides agreed to deepen trade relations.
https://1.bp.blogspot.com/-75tLqV9NCcs/XSm8H_y-daI/AAAAAAABJGY/DNEwyg4MsHY2xcPq0sLUGwCuzKm6dWv_wCLcBGAs/s400/trade.jpg
https://1.bp.blogspot.com/-75tLqV9NCcs/XSm8H_y-daI/AAAAAAABJGY/DNEwyg4MsHY2xcPq0sLUGwCuzKm6dWv_wCLcBGAs/s72-c/trade.jpg
South Punjab News
https://www.southpunjabnews.com/2019/07/afghanistan-pakistan-resume-transit.html
https://www.southpunjabnews.com/
https://www.southpunjabnews.com/
https://www.southpunjabnews.com/2019/07/afghanistan-pakistan-resume-transit.html
true
949454145819430215
UTF-8
Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy