Iran removes import ban on all commodities registered below ...| MENAFN.COM

Sunday, 05 February 2023 08:05 GMT

Iran removes import ban on all commodities registered below special exchange deal with Pakistan


(MENAFN) Iran’s Trade Promotion Organization (TPO) confirmed on Saturday that the imports of all goods registered under an Iran-Pakistan special exchange deal have been permitted by the administration.

By the end of November, the Iranian Industry, Mining and Trade Ministry had got the administration’s agreement for permitting the import of some outputs mainly because its shipped from Pakistan under the agenda of the preferential exchange deal among the two nations.

Now, Iranian importers have been permitted to record import request arrangements for all outputs that were earlier on the Islamic Republic of Iran Customs Administration's (IRICA) import ban list, showed that the source of the commodities is Pakistan.

Tehran and Islamabad have been taking new actions for expanding financial ties as the Iranian administration is encouraging fiscal diplomacy in the region.

Previously in October, Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) as well as the Federation of Pakistan Chambers of Commerce and Industries (FPCCI) inked three memorandums of understanding (MOU) with the target of surging exchange among the private industries of the two nations.

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