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‘Trilateral transit trade accord to be signed soon’

‘Trilateral transit trade accord to be signed soon’

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On
Jun 19, 2015 - 11:23

KABULinfo-icon (Pajhwok): Pakistaninfo-icon’s Prime Minister Nawaz Sharif and Tajikistan President Emomali Rahmon have pledged early finalization of a trilateral agreement on transit trade, including Afghanistaninfo-icon as well, in an effort to give impetus to economic and trade relations as well as regional cooperation, says Tajikistan Ambassador Sherali S Jononov, Pakistani media reports on Friday.

The Pakistan Express Tribune reports that the promise was made when Sharif, accompanied by a high-level delegation, visited Dushanbe on June 9-10 on the invitation of Tajikistan president for participation in an international conference on Implementation of the International Decade for Action “Water for Life” 2005-2015.

“This deal will not only connect the three countries, but will also make Pakistan a transit state that will earn more revenue,” said Jononov. “It will also make the region a hub of trade activities.”

The hydroelectric power trade agreement was signed by Kyrgyz Republic, Tajikistan, Afghanistan and Pakistan in December last year in Turkey.

The Casa-1,000 project is slated for completion by 2018 under the umbrella of the Worldinfo-icon Bank. Tajikistan will have a share of 70% in energy export while Kyrgyzstan will make 30% contribution.

Afghanistan will consume 300MW of exported electricity while Pakistan will receive 1,000MW. The project is expected to give a boost to energy trade in the region that will lead to sustainable development.

PANinfo-icon/Monitor/rm 

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