Iran, Pakistan to Expand Trade

By John Lee.

Iran and Pakistan plan to increase their annual trade to $5 billion over the next five years, following the removal of sanctions.

Emports from Iran to Pakistan fell from $884 million in 2010 to $186 million in 2014 as a result of sanctions, while Pakistan’s exports to Iran fell to $43 million in 2014 from $182 million in 2010.

Iran and Pakistan signed a trade agreement in 2006 which granted tariff concessions on a wide range of products.

(Source: ACQ)

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