Code 43114
PublishDate: Tuesday, June 14, 2011 11:02

Afghanistan and Pakistan welcome implementation phase of landmarktransit trade agreement

The Afghanistan-Pakistan Transit Trade Agreement signed on October 28, 2010.

The leaders of Afghanistan and Pakistan launched the
implementation phase of the Afghanistan-Pakistan Transit Trade
Agreement (APTTA) in Islamabad on Saturday, June 12 during President Karzai’s official visit to the Islamic Republic of Pakistan.
A joint declaration between the two neighbors signed between the foreign ministers of the two countries during the same visit welcomed the finalization of modalities and mechanism for implementation of the agreement. Both countries “agreed to continue to take all necessary steps to ensure that this Agreement is fully implemented and that it contributes to the growth of trade, which has already witnessed a significant increase over the recent years.”
“We welcome the implementation phase of this very important transit trade agreement with the Islamic Republic of Pakistan,” said Dr. Zalmai Rassoul, Minister of Foreign Affairs. “The Afghan government is confident that with the full and timely implementation of this agreement by both sides this agreement will bring tangible economic dividends to Afghanistan and Pakistan, and enhance economic ties among countries in the region.”
APTTA was initially signed between Afghanistan and Pakistan on October 28, 2010 following extensive and fruitful negotiations between the two countries.

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