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Pakistan and Iran decided to inaugurate the border market

  • May 20, 2023
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Pakistan and Iran decided to inaugurate the border market

Subject :International relations

Section: Neighbouring countries

Context: The top leaders of Pakistan and Iran on Thursday inaugurated the first border market as relations warm between the two countries

Concept:

  • Border market, which is located at Mand town in Pakistan’s Balochistan province and adjacent to Pishin city in Iran’s Sistan-Baluchestan province.
  • Memorandum of Understanding (MOU) to establish Border Markets along the border was signed between Pakistan & Iran in April 2021.
  • Three Border Markets are now being established at Gabd, Mund & Chedgi in Balochistan, near our border with Iran.”
  • these facilities would enhance cross-border trade, foster economic growth and open up new avenues of opportunity for local businesses.

Why it has opened now?

  • Iran-Pakistani relations have been contentious because of cross-border attacks by Pakistani militants along their shared border
  • Small separatist groups have been behind a long-running insurgency calling for Baluchistan’s independence from the central government in Islamabad. Pakistani anti-Iran militants have also targeted the Iranian border in recent years, increasing the friction between the two countries
  • Pakistan has close ties with Sunni powerhouse Saudi Arabia, but has tried to maintain a relationship with the predominantly Shiite Iran. Riyad and Tehran, long-time rivals, restored ties earlier this year in a Chinese-brokered agreement.
International Relations Pakistan and Iran decided to inaugurate the border market
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