Iran's con­fus­ing im­port mech­a­nism big­gest trade bar­rier: PBIF

The Pak Banker - - NATIONAL -

Pres­i­dent Pak­istan Busi­ness­men and In­tel­lec­tu­als Fo­rum (PBIF), Pres­i­dent AKIA, Se­nior Vice Chair­man of the Busi­ness­men Panel of FPCCI and for­mer pro­vin­cial min­is­ter Mian Zahid Hus­sain on Mon­day said visit of Ira­nian Pres­i­dent Has­san Rouhani can be a turn­ing point in bi­lat­eral re­la­tions. He asked both the gov­ern­ments to im­ple­ment the de­ci­sions taken dur­ing the visit of Rouhani to make ev­ery sphere of bi­lat­eral re­la­tion­ship healthy.

Mian Zahid Hus­sain said that the is­sue of gas pipeline was not on the ta­ble as per com­mon per­cep­tion which has dis­ap­pointed many.

Pak­istan's trade with Iran stands at unim­pres­sive 250 mil­lion dol­lar while Tehran's trade with In­dia and UAE is in bil­lions of dol­lars which is an­noy­ing, he added.

Mian Zahid said that the role of min­istry for food se­cu­rity is as im­por­tant as that of min­istry of com­merce in boost­ing trade with Iran due to the highly un­pre­dictable and con­fus­ing im­port mech­a­nism prac­ticed in Iran, es­pe­cially that of agri­cul­tural prod­ucts.

The im­port regime in be­yond the un­der­stand­ing of many im­porters which re­sults in in­creased cost and wastage of per­ish­able goods, es­pe­cially fruits and veg­eta­bles for which the agri­cul­ture min­istry will have to take ini­tia­tive with coun­ter­parts in Tehran.

On the other hand, he said, Pak­istani laws are clear which has re­sulted in en­hanced im­ports from Iran and re­duced ex­ports. He said that Pak­istani traders bear ad­di­tional cost of one hun­dred thou­sand ru­pees on ex­port of one tonne of rice while they are also weary of at­ti­tude of trade of­fi­cials posted in Iran.

He said that Ira­nian trucks can drop their mer­chan­dise any­where in Pak­istan while Pak­istani trucks have been made bound to a lo­ca­tion inside Ira­nian bor­der which is seen as an ir­ri­tant. Ira­nian bor­der check posts and pop­u­lar for im­ped­ing trade while Pak­istan bor­der guards are known for fa­cil­i­tat­ing smug­glers, he noted.

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