Iran-Pakistan set ambitious agri trade target

Iran and Pakistan signed a joint statement pledging to expand cooperation in agriculture, trade, and food security, with a goal to raise bilateral agricultural trade to US$3 billion within two years.

Iran’s Agriculture Minister Gholamreza Nouri Ghezeljeh said current trade is around US$1.4 billion, noting both countries’ complementary strengths.

Iran will expand exports of dairy, nuts, fruits, and vegetables, while Pakistan will supply rice, corn, and 60% of Iran’s meat imports.

Both sides also agreed to collaborate on climate change research, food security, and establish a joint agricultural committee to meet biannually.

Pakistan’s Minister Rana Tanveer Hussain called the Tehran meeting “fruitful,” stressing that regional trade is cheaper than sourcing from distant markets like Brazil.

Both public and private sectors will participate, with barter and tailored facilities under consideration.

The Iran–Pakistan Business Conference opened in Islamabad on August 03, attended by President Masoud Pezeshkian and hosted by Senator Ishaq Dar.

Pakistan’s Commerce Minister Jam Kamal Khan highlighted the draft Free Trade Agreement, tariff issue resolution, and improved border infrastructure, including activation of the Pishin–Mand market and plans for a new Chadgi–Kouhak crossing.

Iran’s Trade Minister Mohammad Atabak emphasized the need to expand land terminals, rail connectivity, and port cooperation.

Dar underlined close ties under the Economic Cooperation Organization (ECO) and invited Iranian investors to Pakistan, citing reforms and a new investment facilitation council.

Reza Masrour, head of Iran’s Free Trade and Special Economic Zones, proposed joint paddy farming in Pakistan with rice processing in Iran’s Chabahar Free Zone to address water shortages.

He also suggested multi-entry visas, a joint free zone, and linking CPEC to Iran and the North–South Corridor. Pakistan welcomed these ideas.

According to Iran’s Trade Promotion Organization, trade reached US$3.129 billion in 2024–25, with Iran exporting US$2.423 billion (mainly petroleum products, milk powder, and dates) and importing US$706 million (primarily rice, oilseeds, and meat). However, trade in early 2025 dipped due to regional instability.

Officials stressed that better logistics, customs cooperation, and transport infrastructure are vital for sustaining growth and realizing the long-delayed promise of free trade.