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Islamabad for free trade agreement with Kabul

Pajhwok Afghan News

Islamabad for free trade agreement with Kabul

Pajhwok Report

15 June 2006

ISLAMABAD, June 15 (Pajhwok Afghan News): Pakistan has suggested talks on preferential trade agreement (PTA) with Afghanistan to lead to free trade agreement (FTA) between the two countries.

The proposal was forwarded by Pakistan’s Commerce Minister Humayun Akhtar Khan during a meeting with Minister for Finance Dr Anwarul Haq Ahadi, who is visiting the neighbouring country to participate in meeting of the Pak-Afghan Joint Economic Commission (JEC). The two ministers met on Wednesday evening after conclusion of the two-day meeting.

During the meeting, the Pakistani minister called for initiation of a study to analyse the market conditions and trade regimes in the two countries to suggest the possibility of a PTA/FTA between the two countries. Ahadi agreed to the proposal of conducting the study, said a statement released last evening.

The announcement said both the ministers agreed that the two countries had got mutual trade and economic interests. There was common understanding on part of both the ministers for facilitation of trade and commerce between Afghanistan and Pakistan.

The statement further said that the two sides agreed to work for enhancing bilateral trade for the benefit of the people of the two countries.