Abdul Razak Dawood, Advisor to PM on Commerce and Investment during the 7th meeting of Afghanistan Pakistan Transit Trade Coordination Authority (APTTCA) remarked that new era between both the countries has begun and assured his full support to the people of Afghanistan to develop better future for the next generation
Islamabad: November 17, 2020: MOU is signed between Pakistan Customs and Afghanistan Customs for exchange of Electronic Data Interchange of Transit trade to streamline bilateral trade.

Abdul Razak Dawood, Advisor to PM on Commerce and Investment during the 7th meeting of Afghanistan Pakistan Transit Trade Coordination Authority (APTTCA) remarked that a new era between both countries has begun and assured his full support to the people of Afghanistan to develop a better future for the next generation.

He said that we are committed for greater integration and ready to work together for the prosperity of the region. The meeting was held to review and renegotiate The Afghanistan Pakistan Transit Trade Agreement which is going to expire in February 2021.

Muhammad Sualeh Ahmad Faruqui, Federal Secretary of Commerce and Investment and Mr. Abdul Karim Malik Yar, Afghan Deputy Minister For Investment and Trade along with their respective teams deliberated upon in detail all aspects of the Transit Trade Agreement between both the countries and showed their full commitment to streamline existing procedures to boost bilateral trade, transit facilities and investment which is essential for the prosperity of the people living both sides of the borders.

Both sides agreed to take further steps for enhancement of effective connectivity which is essential in today’s era for smooth transportation of transit goods. Both sides also discussed opening of new corridors and ports of entry/Exit for Afghan Transit Trade to provide the maximum relief to the Afghan traders.

It was also decided in the meeting that further deliberations would be made in the next meeting to be held in Islamabad in December, 2020.

Later on, Both the ministers Razak Dawood and Nisar Ahmed Ghoryani, Afghan Minister of Industry & Commerce witnessed Memorandum of Understanding signed between Pakistan customs and Afghanistan Customs to exchange Electronic Data Interchange for rapid and hassle free movement of the transit goods to save the time and money.

Mansoor Ahmad Khan, Ambassador of Pakistan to Afghanistan, and Muhammad Sulaeh Ahmad Faruqui, Secretary, Ministry of Commerce, Rizwan Ahmed Shaikh, Secretary Ministry of Maritime Affairs, Syed Muhammad Tariq Huda, Member Customs, Federal Board of Revenue, Mrs. Maria Kazi, Joint Secretary, Ministry of Commerce, Saeed Khan Jadoon, Chief (F&C), Federal Board of Revenue, Noorullah, Senior Joint Director, (Exchange Policy Department), State Bank of Pakistan, Syed Muhammad Baqir Jahanzeb, Deputy Director to Advisor on commerce and Investment, Mr. Umar Minhas, Section Officer, Ministry of Commerce were also present on the occasion.