7/11/2017 12:00:00 AM - 9:34 Code: 501 Print

Iran, Pakistan to Hold 2nd Round of FTA Talks on July 11

Iran, Pakistan to Hold 2nd Round of FTA Talks on July 11
Iran and Pakistan are going to hold a second round of negotiations on Free Trade Agreement (FTA) in Islamabad on July 11-12.

Fars News Agency

A three-member delegation from Trade Promotion Organization of Iran will visit Pakistan to attend the meeting, an Iranian trade official said on Monday.

Caretaker of the Export Markets Development of Iran's Trade Promotion Organization Mirhadi Seyyedi will lead the Iranian delegation to Pakistan.

"The meeting will also discuss implementation of already signed Preferential Trade Agreement (PTA) between the two countries," Seyyedi said.

He reiterated that reviewing mutual trade list and FTAs text will be on agenda of the talks for finalizing the agreement.

The first round of the talks was held between the two countries in Tehran in December 2016.

Iran and Pakistan have agreed to increase annual trade volume to $5 billion by 2021. In a major development after the Joint Comprehensive Plan of Action (JCPOA), the central banks of the two countries signed an agreement to resume the banking cooperation.