Islamabad, Kabul give three-month extension to transit trade agreement

Published April 2, 2021
A protocol was signed here on Thursday to give a three-month extension to Afghanistan-Pakistan Transit Trade Agreement (APTTA) 2010 to continue the facility for the landlocked country.  — AP/file
A protocol was signed here on Thursday to give a three-month extension to Afghanistan-Pakistan Transit Trade Agreement (APTTA) 2010 to continue the facility for the landlocked country. — AP/file

ISLAMABAD: A protocol was signed here on Thursday to give a three-month extension to Afghanistan-Pakistan Transit Trade Agreement (APTTA) 2010 to continue the facility for the landlocked country.

Both countries have already exchanged drafts for the revision of the APTTA, which is yet to be finalised. Both sides expressed satisfaction over the extension of the agreement and decided that technical teams from the two countries would conclude the revised agreement soon.

Adviser to the Prime Minister on Commerce and Investment Razak Dawood and Afghan Minister of Industry and Commerce Nisar Ahmad Ghoriyani signed the protocol on behalf of their respective countries.

The signing ceremony was held via video link simultaneously in Kabul and Islamabad. Commerce Secretary of Pakistan Sualeh Ahmad Faruqui was present on the occasion. Representatives of both embassies in the two capitals also attended the signing ceremony.

According to an official announcement, Mr Dawood said that trade and economic relations with Afghanistan and Central Asian Republics (CARs) would make Pakistan a hub for trade, transit and transshipment.

“Our trade must be based on secure, open, consistent, reliable and legal movement of goods at the Afghan border along with enhanced connectivity with Afghanistan and CARs,” he said.

Mr Dawood said that this was a long-term vision and through “our current engagement with Afghanistan and Uzbekistan, Pakistan is laying down the foundation for its implementation”. “This will ensure that Pakistan leverages its geo-economic location in the region to enhance its international trade. Our discussions with Afghanistan and Uzbekistan are a step in this direction,” the adviser to the PM said.

Meanwhile, in a meeting with Afghan Ambassador Najeebullah Ali Khel, Speaker of National Assembly Asad Qaiser said that peace in Afghanistan was imperative for regional economic development and connectivity.

He said that peace would ensure prosperity in Afghanistan and the region, adding that that Pakistan would stand firm with an indigenous Afghan-owned peace process.

During the meeting, Pak-Afghan relations and the political situation in the region and issues of mutual interest also came under discussion.

Published in Dawn, April 2nd, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

On writing

On writing

There is no ceremony or ritual that marks any person as a writer except the simple yet unimaginably significant act of starting to write.

Editorial

A way forward
Updated 17 Jul, 2024

A way forward

Before political leaders inflict more damage, they must give talks a chance.
Export delusions
Updated 18 Jul, 2024

Export delusions

Plummeting exports as a ratio of GDP is one of the major reasons driving the current economic slowdown and the balance-of-payments crisis.
Diversity in UK politics
17 Jul, 2024

Diversity in UK politics

THE recent UK elections have ushered in the most diverse parliament in the nation’s history. Under the leadership...
Banning PTI
Updated 16 Jul, 2024

Banning PTI

It appears that the govt and its backers within the establishment have still not realised that they are in uncharted territory.
Nato at 75
16 Jul, 2024

Nato at 75

EMERGING from the ashes of World War II, and locked in confrontation with the Soviet-led Communist bloc for over ...
Non-stop massacres
16 Jul, 2024

Non-stop massacres

Netanyahu is cunningly pretending to talk peace while mercilessly pounding Gaza. What is clear is that a return to pre-Oct 7 status quo is impossible.