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Iranian official foresees sustained increase in trade with Pakistan

Islamabad, Mar 18 (Prensa Latina) Iran's ambassador to Pakistan, Reza Amiri Moghadam, predicted an increase in trade between the two countries in the next five years as a result of strong economic and commercial integration.

During a business meeting in Islamabad, the diplomat predicted an increase of up to five billion dollars each year during the coming five years thanks to joint projects in the aviation, railway and maritime sectors, according to a report in the Pakistani newspaper La Nación.

Cooperation will also prove to be a catalyst in regional and global trade, said the representative of Tehran, who pointed out that the current volume of bilateral trade is estimated at 2.5 billion dollars, with a continuous increase since last year.

Moghadam assured that Pakistan and Iran are geostrategically very important countries located at the junction of the Middle East, South Asia, and Central Asia, and therefore, their land and maritime integration has a great impact on the world of geoeconomics.

The diplomat also highlighted the influence of the China Pakistan Economic Corridor and the megaprojects linked to the Belt and Road Initiative as stabilizers of economic relations between the two countries. He also considered them essential for increasing the possibility of connecting the global supply chain of both states.

Moghadam noted that Pakistan and Iran should work on strengthening the transportation and logistics sector due to its impact on the cost of doing business.

The ambassador suggested joint participation in industrial exhibitions such as the commercial and industrial exhibition, which will be held in the city of Tehran in April 2024.

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El embajador sugirió la participación conjunta en exposiciones industriales como la comercial e industrial, que se celebrará en la ciudad de Teherán en abril de 2024.

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