Home Economics & Business MoU between Pakistan and Afghanistan to promote trade: FO

MoU between Pakistan and Afghanistan to promote trade: FO

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ISLAMABAD: Pakistan Saturday clarified that Memorandum of Understanding (MoU) signed between Pakistan and Afghanistan on May 6 in Washington was only a reaffirmation of the desire of the two countries (Pakistan and Afghanistan) to expedite the finalization of the revised agreement to promote trade. Foreign Office Spokesman Abdul Basit, in a statement issued here today said, “Pakistan?Afghanistan transit trade is being conducted in accordance with the agreement of 1965.”

Commenting on the reports published in a section of press about the MoU, the spokesman said it has been signed on the suggestion of the Afghan government last year, Pakistan has agreed in principle to initiate negotiations for a new transit trade agreement.

The spokesman said, “This is a bilateral matter on which the Ministry of Commerce is in the lead from the Pakistan side. Pakistan’s position will be constructive and take into account the views of all stakeholders in order to ensure that the revised agreement is mutually advantageous.

He said peace and stability of Afghanistan is important for Pakistan adding that Pakistan has extended assistance for reconstruction efforts in Afghanistan. “We have also engaged bilaterally to chart a vision of common prosperity, including joint projects in the fields of energy, minerals, infrastructure, etc.,” he said.

The spokesman said, “We have, as a matter of deliberate policy, promoted the concept of trans?regional cooperation within the ECO framework.”He said the ECO as well as SCO with which Pakistan is associated are paying close attention to enhancing physical connectivity and promoting natural economic complementarity.-APP

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