Makhdoom Amin Fahim arrives India on five-day visit for trade talks

[Imran Khan]

Makhdoom Amin Fahim arrives India on five-day visit for trade talks


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ISLAMABAD, Sept 26 (APP): Makhdoom Muhammad Amin Fahim, Senior inister for Commerce and a trade delegation arrived at Mumbai (India) on Monday on a five-day visit to India along with 80-member delegation of leading Pakistani businessmen.On arrival at Mumbai, the delegation was received by Shahid Malik, High Commissioner of Pakistan to India and Harsh C Mariwala, President, Federation of Indian Chambers of Commerce and Industry (FICCI), Pakistan High Commission sources in India said.
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Later, Makhdoom Muhammad Amin Fahim called on the Governor Maharashtra,Shri K Sankaranarayanan at the Raj Bhawan (Governor House).
Harsh C Mariwala, President (FICCI) is hosting a dinner in honour of Commerce Minister of Pakistan and delegation, this evening.
The Minister and delegation will be attending a business conference at Mumbai tomorrow, which has been organized by FICCI.
The Minister will be reaching New Delhi on Tuesday (September 27) and the formal talks between the Commerce Ministers of Pakistan and India are scheduled to be held on Wednesday (September 28) in New Delhi.
The Federal Secretary Commerce, Zafar Mahmood, Chief Executive, Trade Development Authority of Pakistan (TDAP) Tariq Iqbal Puri are also accompanying the Federal Minister

Associated Press Of Pakistan ( Pakistan's Premier NEWS Agency ) - Makhdoom Amin Fahim arrives India on five-day visit for trade talks

 

[Imran Khan]

Makhdoom Amin Faheem visits India to strengthen bilateral ties


Published: Sat, 24 Sep 2011 at 18:38 IST (Mayank Kumar)

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New Delhi/Mumbai: For the sake to improve bilateral ties, Pakistan Commerce and Trade Minister Makhdoom Amin Faheem is about to make a five day visit to India from Mumbai on Monday.

Makhdoom Amin Faheem will be the first Pakistani minister to visit India's financial hub since Pakistani terrorists attacked the city nearly three years ago, plunging bilateral ties to a new low.

Faheem will be accompanied by an 80-member delegation comprising the elite of Pakistan business.

The visit is aimed at promoting bilateral trade with a strong possibility of Pakistan announcing a step forward on the Most Favoured Status (MFN) for India. The two sides are also expected to focus on liberalizing the visa regime for businessmen.

Faheem will address an India-Pakistan business conclave Tuesday at the iconic Taj Mahal hotel in Mumbai that bore the brunt of assaults by ten Pakistani terrorists.

Top CEOs from Indian and Pakistani companies are expected to highlight business opportunities and synergies between the two countries.

Faheem's visit builds on the positive atmosphere generated by the talks between foreign ministers of India and Pakistan in June this year, during which the two sides unveiled a host of steps to boost cross-Kashmir trade and travel.

Faheem will hold talks with his Indian counterpart Anand Sharma in New Delhi Sep 28. He is also expected to call on Prime Minister Manmohan Singh.

Makhdoom Amin Faheem visits India to strengthen bilateral ties :: Aaj Ki Khabar

Ahead of the crucial talks, India is hopeful that Pakistan will grant MFN to it or at least move from the positive to negative list of goods that it does not want to import from India.

This will effectively amount to giving an MFN status to India. India had granted MFN to Pakistan way back in 1996. Pakistan has given access to 1,940 product lines on its positive list and has 12,000 on the negative list.

The two ministers are also expected to focus on streamlining procedures for business visas and address issues related to custom duties and inclusion of new products in the trade list.

India and Pakistan decided to resume their dialogue process in February after a hiatus of more than two years.

India-Pakistan trade was estimated to be $1.85 billion in 2009-10. Indian exports accounted for $1.78 billion. In April-December 2010, bilateral trade is estimated to have jumped gone up to over $3 billion with India's exports at $1.7 billion.

A study by Delhi-based Indian Council for Research on International Economic Relations estimates, given reciprocal concessions, bilateral trade between India and Pakistan could go up to $14.3 billion.

 

[rockstarIN]

14.3B, damn big figure....

 

[RoYaL~GuJJaR]

A study by Delhi-based Indian Council for Research on International Economic Relations estimates, given reciprocal concessions, bilateral trade between India and Pakistan could go up to $14.3 billion.

Good news

There is potential of much more....Lets hope Trade and economic ties will Improve.

 

[Imran Khan]

14.3B, damn big figure....

its not big yaar we have 2300km border we can exchange each and every thing if this stupid hate over we have so much trade and businesses with each other .