After several rounds of negotiations and discussions, it is likely that an agreement on the new draft of the Afghanistan-Pakistan Transit Trade Agreement (APTTA) will be reached this month.
The trade agreement has been in place since 2010 and allows for the transit of goods between the two countries. However, both sides have been working on updating the agreement to address concerns and improve trade relations.
The new draft of the APTTA focuses on several key areas, including the simplification of customs procedures, the reduction of non-tariff barriers, and the enhancement of trade facilitation measures. These changes are expected to boost trade between the two nations and improve their economies.
One of the main sticking points in the negotiations has been the issue of taxes and tariffs. Pakistan has been pushing for a reduction in taxes on certain goods, while Afghanistan has been seeking a reduction in tariffs on its exports to Pakistan. Both sides have indicated that they are willing to compromise and find a mutually beneficial solution.
The APTTA is an important trade agreement for both Afghanistan and Pakistan, as it provides a crucial transit route for goods to reach other countries in the region. The new draft of the agreement is expected to enhance this transit route and improve trade relations between the two countries.
As the negotiations draw to a close and an agreement on the new draft of the APTTA appears likely, it is important for businesses to stay informed and be prepared for any changes that may come with the new agreement. Companies should work with their logistics and supply chain departments to ensure that they are up-to-date on any new requirements or regulations that may be put in place.
In conclusion, the new draft of the APTTA is a positive step forward in improving trade relations between Afghanistan and Pakistan. We can expect to see increased trade between the two countries and a further strengthening of their economies. We will continue to monitor the progress of the negotiations and provide updates as they become available.
This entry was posted on Samstag, Dezember 24th, 2022 at 21:47
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Posted in: Allgemein