Pakistan Commences Transit Trade to Afghanistan Through Gwadar Port – Research Snipers

Pakistan Commences Transit Trade to Afghanistan Through Gwadar Port

transit trade

The Ministry of Commerce has commenced the transit trade with Afghanistan via the Gwadar port on Friday, marking a first in the sea trade between the two nations.

As per the ministry, the trade business has started under the Afghanistan-Pakistan Transit Trade Agreement-2010 (APTTA).

In a series of tweets, Abdul Razzak Dawood, the advisor to the PM on Commerce and Investment shared a ship carrying 16,000 metric tonnes of fertilizer and urea for Afghanistan has reached in Gwadar, thus starting a new chapter of trade through the sea route from the Gwadar port to Afghanistan.

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Abdul Razak Dawood said that this was the first time that the fertilizer would be packed locally. He also informed that orders have been issued to offer livelihoods and jobs to the local laborers only.

Besides the fertilizers, Afghanistan will be given permission for the transit trade of wheat and sugar from Gwadar, while trucks loaded with sealed consignments would only be permitted to go to the neighboring nation.

This might be the first sea trade between the two nations, both the countries that is; Pakistan and Afghanistan have been involved in continued transit trade via land routes as the global trade activities saw a dip amid the coronavirus pandemic.

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