Pakistan and Iran Sign Trade Deals to Expand Cooperation

Pakistan and Iran have taken a major step to strengthen their economic partnership. Both countries signed agreements to deepen Pakistan-Iran trade, with a special focus on agriculture, food security, and customs facilitation. The accords were finalized during the visit of Minister for National Food Security and Research Rana Tanveer Hussain to Tehran.

A Push for Bilateral Trade

The signing of these agreements highlights the determination of both nations to expand trade links and build trust. Officials from both sides stressed that enhanced cooperation in agriculture can benefit farmers, exporters, and consumers alike.

Rana Tanveer Hussain, leading the Pakistani delegation, attended a high-level ministerial meeting where detailed discussions were held on removing trade barriers and opening new opportunities. He emphasized that Pakistan views Iran as an important regional partner in food security and agricultural trade.

Read: Islamabad Residents Put on Alert Over Flash Flood Risk

Rice and Mango Exports to Expand

One of the key breakthroughs was Iran’s decision to import large quantities of rice from Pakistan. For years, Pakistani rice exporters faced challenges in accessing the Iranian market. With this agreement, rice exports are expected to see a significant increase.

Equally important is Iran’s assurance to remove obstacles in the way of mango imports. Pakistani mangoes are globally renowned, but exporters often struggled due to permit restrictions and foreign exchange hurdles. Iran has now pledged to resolve these issues, paving the way for smoother mango trade.

Meat and Corn Purchases

In addition to rice and mangoes, Iran expressed interest in sourcing a major share of its meat from Pakistan. Reports indicate that Iran may import up to 60 percent of its meat requirement from Pakistan, which could transform Pakistan’s livestock sector.

Corn is another agricultural product that Iran is keen to buy. This opens fresh avenues for Pakistani farmers and traders, offering them access to a market that values quality produce.

Research Cooperation in Agriculture

Beyond trade in food commodities, the agreements also cover scientific collaboration. The Pakistan Agricultural Research Council (PARC) and Iranian institutions will jointly conduct agricultural research. This cooperation aims to develop better crop varieties, improve farming techniques, and address climate-related challenges.

Such research partnerships will not only strengthen trade but also improve long-term food security in both countries.

Customs and Trade Facilitation

Another major achievement of the talks was an agreement to speed up customs clearance. Traders from both sides have often complained about delays at border crossings. Faster clearance will save time, reduce costs, and increase the volume of bilateral trade.

Officials stressed that streamlined border management is crucial to making the agreements effective. By removing red tape, both nations aim to give exporters and importers a smoother trading experience.

Steps Toward Free Trade Agreement

During the ministerial visit, both sides agreed on the need for a Free Trade Agreement (FTA). Such an agreement would lower tariffs and remove barriers to cross-border business.

To ensure that commitments are implemented, Pakistan and Iran also set up a joint committee. The committee will meet every six months to review progress, resolve disputes, and explore new areas of cooperation.

Strengthening Regional Partnerships

The agreements come at a time when regional trade cooperation is gaining momentum. For Pakistan, enhanced trade with Iran provides access to new markets and helps reduce reliance on distant suppliers. For Iran, stronger ties with Pakistan offer a reliable partner in food security and agricultural imports.

By working together, both nations hope to overcome past challenges such as currency restrictions, permit delays, and border inefficiencies.

Looking Ahead

The recent visit and agreements mark a turning point in Pakistan-Iran trade. From rice and mangoes to meat and corn, the deal covers a wide range of products. Research collaboration and customs reforms add long-term value to this partnership.

If both countries honor their commitments, bilateral trade could grow rapidly in the coming years. For farmers, exporters, and consumers on both sides of the border, this new chapter promises growth, stability, and stronger economic ties.