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Afghanistan, Pakistan, Tajikistan to agree on a transit trade agreement in 3 months

in Afghan Business

Afghanistan, Pakistan, Tajikistan to agree on a transit trade agreement in 3 months

Afghanistan, Pakistan and Tajikistan agreed to finalize the draft for a transit trade agreement in three months at a meeting in Islamabad on Sunday.

Details of the trilateral trade agreement were discussed at the meeting and the three participants reached consensus on preparing the final draft in March.

The agreement will enable Pakistan to access markets of five landlocked Central Asian nations in return for giving rights to use its ports.

This comes as the Afghanistan-Pakistan Transit Trade Agreement (APTTA) is going to expire in October this year after remaining in force for five years.

Shahrzad Arbab, Pakistan’s Secretary of Commerce, said it was not yet clear whether Pakistan and Afghanistan would make Tajikistan a partner in APTTA or propose a separate agreement.

Afghan acting commerce minister Muzamil Shinwari said the agreement would be a milestone in achieving economic integration.

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