ISLAMABAD, January 19: ‘Iran was ready to participate in the CPEC and has repeatedly declared so in the past’, said Ambassador of Iran to Pakistan, Seyed Mohammad Ali Hosseini, adding that, the project would not only help bring harmony and peace but economic prosperity in the region also.
While talking in a webinar on ‘Iran-Pakistan relations’ organized by the Institute of Regional Studies, Amb, Hosseini said that Chahbahar and Gwadar ports complement each other rather than compete with one another as rivals.
Ambassador Hosseini regretted that bilateral trade between Pakistan and Iran was not up to the mark, therefore, serious efforts were required such as streamlining banking channels between the two countries, he said. Removal of barriers was essentially required to reap the full benefit of the proposed bilateral Free Trade Agreement and realization of bilateral trade target of 5 billion dollars, he stressed. While considering the importance of the geographical position of the two countries, the transportation and transit trade sectors could be a potential area of cooperation between the two countries, said Ambassador Hosseini added that this would expedite the process of integration .-DNA
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