Pakistan, Afghanistan Extend APTTA for Another Six Months
Islamabad: With differences over revised draft of transit trade agreement between Pakistan and Afghanistan remaining unaddressed even after the passage of months, the two countries have signed a protocol for extending the Afghanistan-Pakistan Transit Trade Agreement (APTTA), 2010 by another six months.
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Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood, and Minister of Industry and Commerce, Nisar Ahmad Ghoriyani, signed the extension. The ceremony was held over video-link on Thursday.
According to details, the two neighbouring countries are not on the same page over the revised draft of the transit trade agreement, leading to delay in signing of the pact. However, officials at the Ministry of Commerce claimed that the agreement would be signed by next month.
According to sources, the agreement on a revised draft was being delayed due to differences and disagreements for which more interactions at the policy level would be needed.
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Once finalized and signed, the agreement will come into force one month after the exchange of instruments of ratification, which will also take time.
It has been estimated that 30 per cent of ATT goods passed through Pakistan and the remaining via Iran, Uzbekistan and Tajikistan. Under the agreement, Pakistan’s exports to Central Asia go through Afghanistan.
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