Home / Knowledge / News / Textiles / Iran seeks direct import of Pakistani textiles
Iran seeks direct import of Pakistani textiles
19
Jul '12
Iran wants to import textile and clothing items directly from Pakistan, without the involvement of any third country, a statement of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) stated.
 
According to the statement, Consul General of Iran Abbas Ali Abdollahi said that unlike presently, when Pakistani textiles and apparel items reach Iran via third country, they wish that these items should directly be shipped to Iran.
 
During a recent meeting with FPCCI members, the Iranian Consul General said the two nations can boost their bilateral trade to up to US$ 10 billion. He said that though Iran trades with several countries, it is looking forward to enhance its mutual trade relations with Pakistan, the statement stated.
 
Mr. Abdollahi said the trade between the two countries has decreased drastically in recent times due to financial and banking sector sanctions imposed by Western countries.
 
While disclosing that Iranian consul offices have started issuing multiple visa of six months to Pakistani entrepreneurs, he stressed that the two nations should consider trading in their own currencies, rather than in any other currency.
 
FPCCI President Haji Fazal Kadir Sherani said that in spite of implementation of Preferential Trade Agreement (PTA) in 2006 between Iran and Pakistan, existing bilateral trade volumes between the two nations do not reflect the real potential of the two countries. 
 
Bilateral trade volume between Pakistan and Iran stood at about US$ 265 million in 2011.
 
Mr. Sherani stressed on inclusion of new items in the existing PTA, and also suggested that extent of concessions on some items already forming a part of the PTA should be raised.
 
He informed that the Iranian Government has promised US$ 330 million to Pakistan through the Friends of Democratic Pakistan initiative.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search