Pakistan, Iran agree on resuming ferry service, establishing shipping link to increase trade |

Pakistan, Iran agree on resuming ferry service, establishing shipping link to increase trade

ISLAMABAD: Pakistan and Iran have expressed readiness to resume ferry service between the two countries while establishing shipping service is also under consideration. An Iranian delegation headed by Reza Rahmani, Minister for Industry, Mines and trade called on Federal Minister for Maritime Affairs, Ali Zaidi on Thursday, Press Information Department reported. Zaidi reiterated on sorting out the contentious issues and strengthening the ties through increased bilateral trade and track three diplomacy. They agreed upon joint projects as rail and road are not sufficient for the transit of trade potential present between the two countries and the sea route is the only feasible route as far as the economical transit is concerned. "Sea routes should be established and trade barriers should be removed for maximum benefit of the both countries," Iranian Minister said. The Iranian delegation showed the resolve for resumption of the ferry service and their readiness for the signing of the related agreements. " The trade potential between the two countries is enormous and has an unquestionable capability for the improvement of ties. Pakistani products are Iran's priority and we intend to cater our needs from Pakistan," said Reza Rahmani. Currently, the major trade items are edible products and medicine, the delegation emphasized on the diversification of the trade goods. Minister for Maritime Affairs, Ali Zaidi welcomed the proposals by the delegation and informed the audience about his resolve for the resumption of the ferry service. In addition to that he proposed the establishment of ship service that will include both transit for passengers and cargo. Option of barter trade was also deliberated upon for the expeditious increase in trade volume and eradication of barriers. Ali Zaidi also raised the issue of visa difficulties for Pakistani Seafarers and asked for the resolution of this issue as Pakistan's shipping Industry is experiencing a revival. The Iranian delegation showed an interest in the resolution of all issues tabled at the meeting. Both sides agreed upon the exchange of the lists comprising of the trade goods.
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