Pakistan, July 24 -- Afghanistan and Pakistan have signed a Preferential Trade Agreement (PTA) to reduce tariffs on eight agricultural products, the Afghan embassy in Islamabad announced on Wednesday, in a rare move of economic cooperation between the two neighbors with often-tense ties.
The agreement, signed by senior commerce officials from both countries, will reduce customs duties on four Afghan exports to Pakistan - grapes, pomegranates, apples, and tomatoes - and four Pakistani exports to Afghanistan - mangoes, kinnows, bananas, and potatoes.
Tariff rates on these items, which previously exceeded 60%, will now be capped at 27%.
"This agreement will be effective for a period of one year, commencing on August 1, 2025," the Afghan e...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.