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Tag Archives: bilateral trade

RPI to organize Pak-Afghan bilateral trade talks on 6-7th June

KABUL: The first round of the Pakistan-Afghanistan Bilateral Dialogue will be held in Islamabad from June 7-8. The theme of the conference will be “Consolidating the Gains: Exploring Avenues and Methodologies to Pursue Joint Objectives”. The dialogue is being organised by the Regional Peace Institute (RPI) and is part of RPI’s endeavours to contribute to forging peace in the South ... Read More »

Polish delegation visits Iran to enhance trade cooperation

TEHRAN: A 100-member Polish business delegation arrived in Tehran for a two-day visit to explore new avenues for bilateral trade. Poland’s Deputy Foreign Minister, Katarzyna Kacperczyk, heads the delegation, which is also comprised of representatives from a wide range of companies that plan to look for the opportunities to invest in Iran in different areas. The key areas of interest ... Read More »

France seeks to enhance trade relations with Oman

MUSCAT: France says it is keen to expand the scope of its investments in the Sultanate Oman and enhance the currently ‘modest’ bilateral trade. France is the 18th largest provider in Oman’s market and has so far made investments in a number of areas including oil and gas, water and electricity as well as construction and advertisement, said Jean-François Mirailles, ... Read More »

Oman, Germany trade hit OMR301m last year

MUSCAT: Bilateral trade between Germany and Oman totalled around OMR301.1 million, with the Sultanate’s exports to the European state expanding by 2.8 per cent, said a senior official at the Embassy of the Federal Republic of Germany in Muscat. “In 2014, Oman exported OMR19.5 million to Germany, which showed an increase of 2.8 per cent compared to the preceding year, ... Read More »

Afghanistan, Pakistan to start joint business trade

KABUL: Afghanistan and Pakistan are negotiating Preferential Trade Agreement for promotion of bilateral trade. Minister of State, Muhammad Baligh Ur Rehman, formed the senate about this discussion. In question hour, he said Pakistan has also shared proposed draft of the agreement with Kabul. He said both the countries are also establishing a joint business council whose first meeting is expected ... Read More »

Taiwan, Austria sign pact to avoid double taxation

AUSTRIA: Taiwan and Austria have signed a double taxation avoidance agreement in order to boost bilateral trade and investment between each other, which has been reported by Taiwan’s Ministry of Foreign Affairs. The agreement was signed in July, and with the two countries now having completed the necessary domestic legal procedures, the agreement will be implemented starting next year, the ... Read More »

UAE, UK governments vow to boost bilateral trade up to £12 billion in 2015

DUBAI: The governments of United Arab Emirates  and United Kingdom have decided to boost bilateral trade to £12 billion (around $18 billion) by 2015. The Lord Mayor of London, Alderman Alan Yarrow, will be visiting the UAE from January 24-26 to promote bilateral ties, specifically pertaining to the UK’s financial and professional services sector, it was announced on Thursday. Lord Mayor ... Read More »

New Zealand signs free trade agreement with South Korea

WALINGTON: New Zealand and South Korea signed a Free Trade Agreement (FTA) to upgrade the bilateral trade between the two countries. The Trade Minister said that the FTA will deliver real economic benefits to both countries. “It will secure our position in the Korean market and will create more opportunities for traders as tariffs are gradually removed,” he said. The ... Read More »

21pc of imports, 30pc exports: Pakistan biggest trade partner of Afghanistan; Trade to be doubled in next 2 yrs

ISLAMABAD: Pakistan is the biggest trade partner of Afghanistan, providing 21 percent of Afghanistan’s imports and buying 30.7 percent of its exports. Therefore Pakistan has been exploring all vistas to double the volume of bilateral trade in the next two years. Federal Minister for Commerce Khurram Dastgir Khan expressed the views a preparatory meeting ahead of 5th Afghanistan Pakistan Transit ... Read More »

Oman ready to set up Business Council in Dubai

DUBAI: The bilateral trade between Dubai and Oman has been reached Dh16 billion in the first nine months of this year and both have aimed to boost trade through Hatta border and also looking to set up an Omani Business Council in the emirate, official told Customs Today here the other day. “The value of the trade between Dubai and ... Read More »

Norway, Russia for boosting bilateral trade

OSLO: The business of Norway is committed to expand economic ties with Russia, in both bilateral and international projects. Too much politics around these relations is mutually harmful, believe representatives of the two countries’ business communities. A special attention at the plenary and panel sessions of the Forum was paid to the results and prospects in the sector of exploration ... Read More »

Trade between Iran, USA hits $147.5m in Jan-Oct

TEHRAN: The Iran-U.S bilateral trade have reached $147.5 million from January to October 2014, with one hundred percent of the sum related to U.S. exports to Iran, according to a reported released by the U.S. Census Bureau statistics here the other day. The report says the worth of U.S. exports to Iran amounted to $15.5 million in October from $11.4 ... Read More »

China’s Qingdao Port chairman visits Jafza, trade with Dubai touchs Dh46b

DUBAI: Zheng Minghua, Chairman of Qingdao Port and Zhang Kingaya, Deputy Director-General of the Port, visited Jebel Ali Free Zone, Jafza. They were received by Salma Ali Saif Bin Hareb, CEO of Jafza and Economic Zones World, EZW, and Ibrahim Mohamed Al Janahi, Jafza Deputy CEO and Chief Commercial Officer of EZW, at the Free Zone. Salma Hareb in her ... Read More »

Saarc needs to follow EU for boosting trade

KARACHI: Trade Development Authority of Pakistan (TDAP) Chief SM Munir has suggested that both the Pakistan and India will have to separate politic from business to strengthen trade relations. Stressing the need to promote regional trade among the eight-nation South Asian Association for Regional Cooperation (Saarc), he said that total trade currently stands at $6.7 billion only. Citing example of ... Read More »

Govt to take exports to $50b by 2018: Dastgir

ISLAMABAD: Adverse political relations between India and Pakistan have stopped the Commerce Minister and Commerce Secretary from attending ‘Aalishan Pakistan: Lifestyle Exhibition’ being held from September 11th to 14th, 2014 in New Delhi. Addressing a press conference, Federal Minister for Commerce Engineer Khurram Dastgir Khan said that both the neighbouring rivals could not initiate trade talks until diplomatic ties resumed ... Read More »

Pak, China striving to lift trade ties under FTA

ISLAMABAD: With the aim to enhance volume of bilateral trade, Pakistan and China are committed to resolve the issues of electronic data interchange, sanitary and phyto-sanitary measures (SPS) and technical barriers to trade (TBT). According to the Ministry of Commerce (MoC), trade volume between Pakistan and China which was around $4.1 billion in t 2006-07 has reached all-time high in ... Read More »