Pakistan government decides to establish 13 Joint Trade Markets at Afghanistan border

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Pakistan government decides to establish 13 Joint Trade Markets at Afghanistan border

The Pakistani government has decided to establish 12 Joint Trade Markets (JBTMs) along with Afghanistan along the Durand Line, Pakistan's embassy said in a statement on Monday.

The statement said that one is at Shaheedano Dand in Kurram Agency and will be open by February 2021, as a pilot project.

“The JBTMs are believed to promote the wellbeing of the people living on both sides of the Durand Line, rehabilitate those affected by anti-smuggling drive, economically integrate the neglected areas, formalize bilateral trade and transform local economies," the statement said.

The statement also mentioned that Pakistan has prepared a draft memorandum of understanding (MoU) on the establishment of JBTMs with Afghanistan, covering all aspects, including the proposed list of items to be traded in these markets and locations.

On November 22, Pakistan shared the draft MoU and the proposed list of items to be traded in JBTMs with Afghanistan and sought the views of the Afghan side for this initiative, it said.