Iran Press/Asia: Pakistani Parliamentary Secretary for Commerce, Aliya Hamza Malik told the National Assembly that the Pakistani and Iranian authorities have set up a joint trade committee, co-chaired by the commerce ministers of both the countries.

“Both the sides conducted negotiations over the establishment of barter trade mechanism, cooperation in the fields of customs, agriculture, and industry,” she said, according to Geo.TV.

The parliamentary secretary said commerce ministry was in the process to renew MoU between Trade Development Authority of Pakistan and Iranian international exhibition body.

The MoU would help foster smooth trade flows between the two neighboring countries through trade promotional tools like exhibitions, exchange of delegations and business seminars.

The secretary said the ministry has also initiated negotiation for free trade agreement (FTA) with Iran. A technical negotiation committee has been established for this purpose.

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