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

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra
Huemn

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search