Pak-Afghan accord inked

Pak-Afghan transit trade agreement is signed by both countries.


Express October 29, 2010

In a positive development in relations between Afghanistan and Pakistan, the two countries signed the Afghanistan-Pakistan Transit Trade Agreement (APTTA) on Thursday.

Commerce Minister Makhdoom Amin Fahim and his Afghan counterpart Anwarul Haq Ahadi inked the deal.

Under the agreement, Afghanistan will be able to send export consignments to India via the Wagah border. The deal, however, does not allow Delhi a trade corridor through Pakistan to Afghanistan.

Trade between India and Afghanistan through sea routes will, however, continue under the previous arrangement.

In return, Pakistan will have access to Central Asian Republics (CAR) through Afghanistan.

Earlier this month, Pakistan’s federal cabinet gave the go-ahead to the trade agreement, but kept its scope restricted by disallowing the transport of Indian export goods to the war-torn country through its land.

The deal is expected to bolster Pakistan’s exports to  Afghanistan and Central Asia. Information Minister Qamar Zaman Kaira told the media after the cabinet meeting that Pakistan would be the ultimate winner of the agreement.

Kaira said it would largely help manufacturers and exporters and the country was expected to earn up to $2 billion through this arrangement. “It is going to be a very significant facility for our manufacturers and exporters.”

After signing the accord on Thursday, Fahim called on Afghan President Hamid Karzai and discussed matters of mutual interest with special reference to strengthening of trade relations between the two countries.

Published in The Express Tribune, October 29th, 2010.

COMMENTS (3)

Sultan Ahmed. | 10 years ago | Reply No right move, a successful efforts are being made to find a safe way for providing ration to the American and Nato forces stationed in Afghanistan, transit trade mean not bilateral trade, Transit mean, passing(across,over through or one place to another) crossing (of a heavenly body) over the observatory being conveyed in transit. All is being for significant purposes.
Mian Mazhar yasin | 10 years ago | Reply This is a good agreement. If the governments should also arrange for insurance of the goods that will go through Afghanistan to CAR . Without insurance it is not good for Pakistani businesses to use Afghan land route.
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