ISLAMABAD – Iran and Pakistan have finalized the draft of the Free TradeAgreement (FTA) which would be implemented in June this year, local mediareported.

Thee two countries have already exchanged their wish list regarding the FTAin January.

Sources say that currently Iran and Pakistan have Preferential TradeAgreement (PTA) which will be merged into the FTA.

The report said that meeting of the Trade Negotiation Committee onPakistan-Iran Free Trade Area Agreement had finalized draft of the 26 pointFTA.

Iran and Pakistan for the last two years have been holding discussions tofinalize the FTA and the last meeting of the Trade Negotiation Committeewas held in Tehran.

Mirhadi Seyyedi, deputy for export market development at Trade PromotionOrganization of Iran, and Bilal Khan Pasha, joint secretary of Pakistan’sMinistry of Commerce and Textile led their countries in the meeting.

The report claim the draft of the FTA between Iran and Pakistan is in finalstages. It said that the next meeting of the Trade Negotiation Committeewould be held in Islamabad and the agreement would be implemented by June2018.