"The early finalisation of Afghan Transit Trade Agreement
is in our mutual interest, said Qureshi, who said that there could be a significant boost to bilateral trade during the next five years.
Zia claimed that due to 'unjustified increase' in expenditure of Good in Transit Trade to Afghanistan (GITA) and Pak Afghan Transit Trade Agreement
, around 70 percent of transit trade business had been shifted from Karachi port to Chabahar and Bandar Abbass ports in Iran.
He suggested that both the countries should review the new Afghan Transit Trade Agreement
to strengthen regional economy.
Indus Motor Chairman Ali S Habib said that under-invoicing or misdeclaration is hurting the economy of the country, especially through misuse of Afghan transit trade agreement
and trade with China.
Currently, Afghan transit goods in Pakistan are transferred under the Afghan Transit Trade Agreement
(ATTA) signed by the two countries in 1965.
"The new Afghan Transit Trade Agreement
would not only strengthen bilateral exports between Pakistan and Afghanistan but would also help improve lives of our people", Dr Rashid Amjad - a renowned economist and Vice Chancellor of Pakistan Institute of Development Economics (PIDE)' told here.
The Vice President APCAA said due to unjustified increase in expenditure of goods in Transit Trade to Afghanistan (GITA) and Pak Afghan Transit Trade Agreement
, around 70 percent of transit trade business has been shifted from Karachi port to Cha Bahar and Bandar Abbass ports in Iran.
The leading business men and Director PAJCCI Zia-ul- Haq Sarhadi in a statement issued the other day lamented that due to wrong policies of both countries, the new Afghan Transit Trade Agreement
(APTTA) is the victim of sabotage since last six years.
PESHAWAR, July 27 -- The executive committee of All Pakistan Commercial Exporters Association (APCEA), while expressing concern over new Afghan Transit Trade Agreement
, has demanded of the government to review the decision.
"The original Afghan Transit Trade Agreement
allowed India to export its goods to Afghanistan through Pakistan, an additional clause was inserted after the 1965 Pakistan-India war in the agreement, barring the use of Pakistani territory for Indian exports to Afghanistan," Ghani had said.
In 1965, when the Afghan Transit Trade Agreement
(ATTA) was signed, there was no Sost customs check post.
Meanwhile, Federation of Pakistan Chamber of Commerce and Industry (FPCCI) rejected the new Afghan Transit Trade Agreement
through a unanimously passed resolution during a meeting of the executive committee held here Friday.