Pak. loses 7 billion by avoiding India goods

[hussain0216]

50 comments in and they still don't get it. Can you please reiterate this point once again for them?

Shouldn't we ban all indian products from all sources then & find alternative's?

 

[Nilgiri]

I'd say it is gaining, considering India has a far stronger manufacturing base, which could flood Pakistani markets.

Pakistan has seen what kind of damage open trade, with a far larger manufacturer can do. case in point: China. The free trade between the two has absolutely wreaked a number of Pakistani industries, including the once increasingly popular solar panel industry, which is now in absolute shambles.

Pakistan isn't trading with India out of hate, though tensions don't help, rather it is avoiding doing so because of a fear of being flooded with cheap goods.

@Nilgiri

I would buy it fully if the large component of trade that gets routed through UAE didn't exist (and was allowed to be operationalised as direct trade).

I mean this is stuff that Pakistan clearly knows about and permits...and makes their consumers suffer anyway with higher final costs anyway.

Sure keep whatever goods and items you feel need protection on the required list or apply the tariffs as needed etc....but the large informal trade component just adds to the agenda that its not all just in the name of protection as @Kaptaan points out.

There is a bit of a balance between both I feel.

They are also not mutually distinct either....given allowing some access by India would allow India to open up more of its own market to Pakistan, for things like cement, textiles, food items where we can definitely use much more competition in our own markets (and whom we now go elsewhere for).

Pakistan knows this too and if its policy was strictly protectionist, it would experiment with gradual easing of various commodities in bilateral agreements with India over time to check which areas are the most ideal as far as job creation/preservation on both sides in what they are good at.....but leaving enough room to expand into newer areas through protection and recall of tariffs where something trial based had negative effects etc.

But the policy seems to be strictly, there are many no go zones set in firm stone (creating things like the informal routes through dubai and karachi who like the pakistan car industry seem to have their own vested interests enforced in pakistan power structures in the name of sovereignty and resistance to India etc).

 

[my2cents]

I'd say it is gaining, considering India has a far stronger manufacturing base, which could flood Pakistani markets.

Pakistan has seen what kind of damage open trade, with a far larger manufacturer can do. case in point: China. The free trade between the two has absolutely wreaked a number of Pakistani industries, including the one increasingly popular solar panel industry, which is now in absolute shambles.

Pakistan isn't trading with India out of hate, though tensions don't help, rather it is avoiding doing so because of a fear of being flooded with cheap goods.

@Nilgiri

You have a valid point about survivability of your local industries from global players who are dishing out products like solar panels at such lower costs. Almost every developed and developing country in the world went through that pain. In India we are just seeing some manufacturing coming back. Our manufacturing base is miniscule compared to China yet we trade with China and it is growing rapidly. You just have to learn, adapt and rebuilt to become more efficient in order to survive. Protectionist policies usually does not help in long term but are necessary to buy some time to adapt.

 

[Śakra]

Shouldn't we ban all indian products from all sources then & find alternative's?

Be my guest.

 

[coffee_cup]

You don't get it do you?

Let's take the two things separately.

It was the US that was your role model first. and that's where your troubles started. Because you had nothing going for you, no identity, only that whatever your neighbour was, you would not be. That isn't a very positive way to go forward, and that is why you periodically search for role models. Then with Zia, they became bad news and you found refuge in religion of an unreconstructed, unrefreshed variety. Fair enough; your call. Now you're looking for the Chinese.

Have you got the clue? In another fifteen years, max twenty, you will find the Chinese aren't what you really need to follow and you'll be looking for someone else again. The problem is not with your role models. The problem is with a country that can't settle down to live in peace with itself, with its neighbours or with the world.

As far as leaving you alone is concerned, it was not my country that armed and sent in desperados of the worst kind. We didn't pick a fight with you in 65; read your own records. Every single one will confirm that it was blatant aggression on your part, sending commandos into Kashmir and then attacking across the international border (something, ironically, that you accuse us of doing, out of sheer ignorance). We didn't grab the border heights and start a shooting match, any more than we were training and arming to grab the glaciers through a pre-emptive move. And, most of all, we don't have a vast organisation training idiots to go and die in Kashmir.

And you have the fucking cheek to talk about us leaving you alone?

Gladly, mister, be as alone as you want. Why didn't you think of this and do this sixty something years earlier? If you had, today, we would be kissing your collective arse with gratitude and thankfulness.

Good luck being alone. I hope you can convince the others. I doubt it, but good luck anyway. The way you have landed up, you need all the luck you can get. Plus the goodwill of peaceniks like me, who don't get tired of getting kicked in the teeth every single frigging time, and who keep coming back trying to get things peaceable again.

USA was our ally, an uncomfortable ally. Soviet Union was yours and even stronger than what USA was to Pakistan.
So if you define being an ally is equal to being role model, then Soviet Union was the greatest role-model that India ever had. Don't worry about us, we are not that naive as Indians would love to believe.

Pakistan has a unique identity, inheritors of thousands of years old civilization. We don't need lectures about identity from this younger country called "India", which was created in 1947 and who shamelessly is laying claims to IVC. So if anything, it is "India" suffering from this so called "identity crisis". So kindly stop telling us about this "identity crisis" or be prepared to be called on that.

Next, both Pakistan and India can learn a great deal form China regarding economic, educational, health, infrastructure reforms. Guess nothing wrong there taking China as a role-model. Moreover, in the last 55-60 years this great neighborly relationship of cooperation between China and Pakistan has withstood the test of times, and it will surely survive next 15-20 years as well.

You accuse us of being a country who can not settle down with her neighbors, hello!?!, Talk about yourself. Indian relationships with neighbors, do you want me to open that book? India, blatant exporter of cross-border terrorism and interfering in every single country's internal affairs. Pakistan, Bangladesh, Nepal, Sri Lanka, China, Myanamar....

Oh man, now Indians will tell us how to be a good neighbor?

Next, regarding Pakistan being the aggressor. Seeing the kind of propaganda Indians are good at, I won't be wondering if general populace in India actually believes us to be the boogey man. Heck, they even believe in "surgical strikes" or Samjohta Express terrorists of being Pakistanis.

Attacking China in 1962 when it was facing the worst drought of its history is but one example about how "peaceful" India is. Don't even start me about Mukti Bahini, LTTE, BLA etc.

Given those times in 1947-48 with all those chaos and massacres going on everywhere in the sub-continent, I won't be surprised if some armed tribal people went to "liberate" Kashmir. That has less to do with Pakistan and more with the chaos that were everywhere at the that time. Worst things happened then...!

India can't take that as an excuse to continue exporting cross-border terrorism even in this century!

There are enough peaceniks in both countries, but alas fanatics always manage to come to power in India and we move back to square one. So the best way would be to just leave each other alone for some time.

 

[zargham 97]

Pakistan should produce its own agricultural goods

 

[wiseone2]

Pak. loses $7 bn. by avoiding India goods
ARUN S

Pakistan suffered a loss of about $7 billion in 2014 by importing items from other countries at a higher cost instead of sourcing them from India, according to a study by the New Delhi-based Research and Information System for Developing Countries (RIS).

The think-tank in the study, to be released this week, found out that the loss was substantial considering Pakistan’s GDP (nominal, 2015) was only about $270 billion. Prime Minister Narendra Modi is slated to chair a meeting to review trade ties between India and Pakistan on Thursday.

Significantly, the RIS study’s findings are in line with the theme of Modi’s recent speech at Kozhikode (Kerala), where he called upon the people of Pakistan to fight a war on unemployment, poverty and illiteracy.

The RIS study — on ‘Costs of Non-Cooperation’ — covered 5,200 items. These included refined petroleum, palm oil, aviation spirit, motor vehicle parts, edible oil, cotton, milk powder, marine products, machinery as well as chemicals and allied products.

‘Costs of Non-Cooperation’ occurs when a country imports from the global market at prices higher than the price at which the same product is available from the regional market, and thereby incurs an additional foreign exchange expenditure on such imports, the RIS said.


Many products that Pakistan imported from third countries were at least three times more costly than the price of the same item from India in export markets, it added.

“The objective of the study is to show Pakistan that they can save on the foreign exchange front if they cooperate in South Asia,” said Ram Upendra Das, professor, RIS.

Pakistan is a net-importing nation with a trade deficit of $22 billion in 2015. In 2015, it imported around $44 billion, while it exported only items worth $22 billion. India-Pakistan trade is far below potential and negligible.

Trade between both the nations in 2015-16 was just $2.6 billion, while according to various estimates the annual bilateral trade has the potential to surpass $20 billion if both countries cooperate and remove barriers and restrictions. Currently, most of the trade happens indirectly through Dubai, Singapore, port of Bandar Abbas (Iran).

Keywords: India-Pakistan trade ties, MFN Status, Pakistan economy


http://www.thehindu.com/business/Economy/pak-loses-7-bn-by-avoiding-india-goods/article9159274.ece

you are addressing the wrong crowd

USA was our ally, an uncomfortable ally. Soviet Union was yours and even stronger than what USA was to Pakistan.

USA an uncomfortable ally ??

 

[coffee_cup]

USA an uncomfortable ally ??

You'll find soon enough. Stay tuned.

 

[PAKISTANFOREVER]

Pak. loses $7 bn. by avoiding India goods
ARUN S

Pakistan suffered a loss of about $7 billion in 2014 by importing items from other countries at a higher cost instead of sourcing them from India, according to a study by the New Delhi-based Research and Information System for Developing Countries (RIS).

The think-tank in the study, to be released this week, found out that the loss was substantial considering Pakistan’s GDP (nominal, 2015) was only about $270 billion. Prime Minister Narendra Modi is slated to chair a meeting to review trade ties between India and Pakistan on Thursday.

Significantly, the RIS study’s findings are in line with the theme of Modi’s recent speech at Kozhikode (Kerala), where he called upon the people of Pakistan to fight a war on unemployment, poverty and illiteracy.

The RIS study — on ‘Costs of Non-Cooperation’ — covered 5,200 items. These included refined petroleum, palm oil, aviation spirit, motor vehicle parts, edible oil, cotton, milk powder, marine products, machinery as well as chemicals and allied products.

‘Costs of Non-Cooperation’ occurs when a country imports from the global market at prices higher than the price at which the same product is available from the regional market, and thereby incurs an additional foreign exchange expenditure on such imports, the RIS said.


Many products that Pakistan imported from third countries were at least three times more costly than the price of the same item from India in export markets, it added.

“The objective of the study is to show Pakistan that they can save on the foreign exchange front if they cooperate in South Asia,” said Ram Upendra Das, professor, RIS.

Pakistan is a net-importing nation with a trade deficit of $22 billion in 2015. In 2015, it imported around $44 billion, while it exported only items worth $22 billion. India-Pakistan trade is far below potential and negligible.

Trade between both the nations in 2015-16 was just $2.6 billion, while according to various estimates the annual bilateral trade has the potential to surpass $20 billion if both countries cooperate and remove barriers and restrictions. Currently, most of the trade happens indirectly through Dubai, Singapore, port of Bandar Abbas (Iran).

Keywords: India-Pakistan trade ties, MFN Status, Pakistan economy


http://www.thehindu.com/business/Economy/pak-loses-7-bn-by-avoiding-india-goods/article9159274.ece

And the price of having ANY sort of relationship or significant trade with india would not be worth all the wealth in the world.

 

[wiseone2]

You'll find soon enough. Stay tuned.

USA has maintained a working relationship with India even when we were in the Soviet camp
Since the end of the cold war India has gotten a lot stronger relative to USA. i do not expect India-US relationship to be perfect.

 

[X-2.]

Pak. loses $7 bn. by avoiding India goods
ARUN S

Pakistan suffered a loss of about $7 billion in 2014 by importing items from other countries at a higher cost instead of sourcing them from India, according to a study by the New Delhi-based Research and Information System for Developing Countries (RIS).

The think-tank in the study, to be released this week, found out that the loss was substantial considering Pakistan’s GDP (nominal, 2015) was only about $270 billion. Prime Minister Narendra Modi is slated to chair a meeting to review trade ties between India and Pakistan on Thursday.

Significantly, the RIS study’s findings are in line with the theme of Modi’s recent speech at Kozhikode (Kerala), where he called upon the people of Pakistan to fight a war on unemployment, poverty and illiteracy.

The RIS study — on ‘Costs of Non-Cooperation’ — covered 5,200 items. These included refined petroleum, palm oil, aviation spirit, motor vehicle parts, edible oil, cotton, milk powder, marine products, machinery as well as chemicals and allied products.

‘Costs of Non-Cooperation’ occurs when a country imports from the global market at prices higher than the price at which the same product is available from the regional market, and thereby incurs an additional foreign exchange expenditure on such imports, the RIS said.


Many products that Pakistan imported from third countries were at least three times more costly than the price of the same item from India in export markets, it added.

“The objective of the study is to show Pakistan that they can save on the foreign exchange front if they cooperate in South Asia,” said Ram Upendra Das, professor, RIS.

Pakistan is a net-importing nation with a trade deficit of $22 billion in 2015. In 2015, it imported around $44 billion, while it exported only items worth $22 billion. India-Pakistan trade is far below potential and negligible.

Trade between both the nations in 2015-16 was just $2.6 billion, while according to various estimates the annual bilateral trade has the potential to surpass $20 billion if both countries cooperate and remove barriers and restrictions. Currently, most of the trade happens indirectly through Dubai, Singapore, port of Bandar Abbas (Iran).

Keywords: India-Pakistan trade ties, MFN Status, Pakistan economy


http://www.thehindu.com/business/Economy/pak-loses-7-bn-by-avoiding-india-goods/article9159274.ece

Nothing is better then dignity ,we need to be firm on our foreign Policy , if we do direct business then we need to take onboard iok leaders and should have trade or aid access to Indian occupied Kashmir

 

[coffee_cup]

USA has maintained a working relationship with India even when we were in the Soviet camp
Since the end of the cold war India has gotten a lot stronger relative to USA. i do not expect India-US relationship to be perfect.

Yes right, India is lot stronger than USA.

As I said, stay tuned. You'll find out soon.

 

[X-2.]

Neither do we care, nor do they.

I see U r not biased lol even ur -ive and +I've ratings are equal

 

[wiseone2]

Yes right, India is lot stronger than USA.

As I said, stay tuned. You'll find out soon.

I used the word "relative"
the difference between USA/India in 1990 is a lot more than the difference in 2016

 

[That Guy]

Does anybody from your side have any idea about the theory of comparative advantage? Is that taught any longer?

Instead of dealing with products where we are strong, have you ever considered working on your strengths?

Have you, for instance, seen Indian women pounce on clothing tailored in Pakistan? Do you know how many Pakistani kids work in our movies and our music industry, and how many more could come in? I could go on like this, but it's appropriate that Pakistan should do it for herself. Unfortunately, she refuses to. Nothing rational emerges from that side, and this stupid behaviour encourages and has even brought into power truly sinister forces on our side. Hate breeds hate.

It has been years since I studied anything to do with economy and finances, so forgive me if I'm not completely right here;
For a nation such as Pakistan, exports are extremely important. What you're suggesting is that Pakistan transition into a primarily consumer market, yet Pakistan does not have the governmental purchasing power to actually make such a thing work. Consumer markets are generally developed nations for a reason, because they don't need to generate a lot of forex, as they're highly self sufficient. So, for developed nations, exports are not as important as domestic revenue. For developing nations, exports are far more important, because they're still building up their domestic revenue base, which can take decades or even a century to build up.

Again, I'm probably wrong here, but that's the best explanation I can think of.