Signing FTA, PTA essential in developing exports: Economic official

Isfahan, Dec 5, IRNA – Head of Trade Promotion Organization of Iran Mojtaba Khosrotaj said that sealing preferential and free trade agreements (PTA, FTA)with exports destinations is necessary. Speaking in a ceremony to appreciate top exporters of Isfahan province, Khosrotaj referred to inking free trade agreement (FTA) as the most urgent act in solving some cross-border problems, saying that banking ties with neighboring countries should be modified. One of the most important strategies in reinforcing agencies in international trade is to establish and to develop export management company (EMC), he added. Preferential Trade Agreement (PTA) and FTA are international agreements between countries which aim at facilitating trade and increasing the trade volume between countries. PTA and FTA of D-8 Organization for Economic Cooperation were implemented among Iran, Malaysia, Nigeria, Turkey, Indonesia and Pakistan in Iranian month of Tir (June 21-July 21, 2016). Khosrotaj had a trip to Isfahan on Sunday to open a hand-woven carpet exhibition and to participate in a ceremony for top exporters. 1378/IRNA