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Yay for Indian bikes and vehicles in Pakistan.
MFN status for India
Pakistan plans to grant India Most Favoured Nation status at the meeting of the Commerce Ministers scheduled for next month in India, according to the Indian press. Quoting Pakistani Commerce Ministry sources, the reports say that talks will take place until then on this issue. Meanwhile, Indias High Commissioner in Pakistan has delivered the formal invitation for the meeting to Pakistani Commerce Minister, Senior Minister Makhdum Amin Fahim. Reticence about the grant to India of MFN status by the Pakistan government is because it knows that it is conceding one of the most important Indian demands without getting anything in return. India has not behaved in accordance with international norms of decency and correct behaviour by allowing the principles of justice and fair play to prevail, and resolve the Kashmir issue in line with the wishes of its people, thus paving the way for a resolution of outstanding issues with Pakistan. However, the Kashmir issue should not obscure the fact that giving India MFN status would not make economic sense.
Read full article here.
MFN status for India | Pakistan | News | Newspaper | Daily | English | Online
Can anyone of Pakistan friend share some of the info about the items that can potentially be marketed in India???
ISLAMABAD: Pakistan’s top diplomatic authorities have decided to put on the backburner a proposal to grant India the most favoured nation (MFN) trade status after a hostile reaction from political parties. Diplomats will also address the concerns of the security establishment regarding the potential side-effects of the status.
“We should not expect an immediate announcement…the final decision might get delayed,” a senior official at the foreign ministry said on Sunday. “But the proposal is very much there…it is under the international trade agreement and there is no way we can shy away from it.”
Published in The Express Tribune, October 31st, 2011.