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US warns of sanctions over Pakistan-Iran trade agreements

WASHINGTON: The spokesperson for the US Department of State addressed concerns regarding potential trade agreements between Pakistan and Iran, emphasizing the need for caution due to the risk of sanctions.

Responding to inquiries about Pakistan-Iran trade agreements, the spokesperson highlighted that the United States is one of Pakistan’s largest export markets. However, he cautioned against trade deals with Iran, citing the potential threat of sanctions.

“We advise anyone considering business deals with Iran to be aware of the potential risk of sanctions.”

The spokesperson’s statement warned against engaging in business with Tehran without specifically mentioning Pakistan. Later, the spokesperson reminded Islamabad of its trade and economic ties with Washington, stating that the US is both Pakistan’s largest export market and one of its biggest investors.

“We have also been a leading investor in Pakistan for the past 20 years. Pakistan’s economic success is in both of our interests, and we look forward to continuing our partnership,” he added.

Following President Raisi’s three-day visit to Pakistan and the signing of eight bilateral agreements, the spokesperson hinted at the possibility that these relations could face challenges due to Iran’s standing in the international community.

“We do not preview potential sanctions actions.”

On Monday, Pakistan and Iran reaffirmed their commitment to strengthen bilateral relations across various sectors, aiming to elevate their trade volume to $10 billion. The consensus was reached during high-level delegation talks held in Islamabad.

Led by Prime Minister Shehbaz Sharif from Pakistan and President Raisi from Iran, the discussions highlighted the shared vision of advancing political, economic, trade, and cultural ties between the two nations.

Earlier in the day, Iran and Pakistan signed eight memoranda of understanding for collaboration in various areas.

PM Shehbaz and Iranian President Ebrahim Raisi witnessed the signing ceremony, which included cooperation in veterinary and animal health, judicial support in civil cases, and security matters.

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I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

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