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Iran Revives Preferential Trade Deal With Pakistan

Iran-Pakistan PTA was signed in 2004 and listed 309 Pakistani and 338 Iranian types of goods to be traded at tariffs 19.5% lower than before on average
Iran Revives Preferential Trade Deal With Pakistan
Iran Revives Preferential Trade Deal With Pakistan

Iran’s preferential trade agreement with Pakistan has been revived, as Iran removes goods included in its import ban list for trade with the neighboring country.
The import of more than 2,000 types of goods was banned by Iran since 2018 in an attempt to control its foreign currency reserves.
According to the spokesperson of the Ministry of Industries, Mining and Trade, Iran is now considering an exception for Pakistan with regard to the banned imports.
“The import ban had practically thwarted the implementation of the PTA. But now the agreement has once again been revived,” Omid Qalibaf was also quoted as saying by IRNA.

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