Thursday Oct 31, 201307:22 PM GMT
Iran open to barter trade with Pakistan: Ahmadinejad
Iranian President Mahmoud Ahmadinejad (R) meets with a visiting Pakistani delegation in Tehran, July 15, 2012.
Iranian President Mahmoud Ahmadinejad (R) meets with a visiting Pakistani delegation in Tehran, July 15, 2012.
Mon Jul 16, 2012 5:36AM
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Iranian President Mahmoud Ahmadinejad says the Islamic Republic sees no barriers in the development of barter trade with other countries, particularly Pakistan.


As two big neighboring states, Iran and Pakistan have a great deal of potential to cooperate with each other, President Ahmadinejad stated during a meeting with a visiting Pakistani delegation in Tehran on Sunday.

He noted that Iran is ready to share its scientific and technological achievements with Pakistan, and import goods from its eastern neighbor in return.

The Iranian president later termed bartering as one of the greatest ways in trade exchange, highlighting that Tehran intends to use the method in its trade transactions with Islamabad.

Bartering benefits both parties involved and Western banks will not thus benefit from the process of trade, President Ahmadinejad pointed out.

He said Iran imports some 80 billion dollars worth of goods from abroad per annum, and is willing to boost its imports from Pakistan.

President Ahmadinejad further stated that Iran is ready to export energy, electricity, as well as various products to Pakistan and share its scientific and technological experiences with the Muslim nation.

The Pakistani delegation, for its part, stressed that Islamabad seeks the promotion of ties and cooperation with Iran within a defined regional framework, and appreciates Tehran’s assistance in this regard.

MP/GHN/HJL
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