Pak to resume process to grant MFN status to India

Tags: News
Pakistan today said it would resume the process to strengthen trade ties with India including granting MFN status once the dialogue process gets underway here next month.

"On MFN, Pakistan and India have been engaged in a series of discussions to normalise bilateral trade between the two countries. Our Commerce Ministry has been playing a leading role and useful work has been done on the basis of mutuality of benefit," Pakistan Foreign Secretary Aizaz Ahmad Chaudhry said.

"When the dialogue process resumes, we hope to build on the work already done in this regard," Chaudhry told reporters, a day after it was decided that the two nations' foreign secretaries would meet on August 25 to carry forward the dialogue process.

Bilateral relations have made no headway since the interruption of the dialogue process nearly two years ago.

Pakistan has decided to postpone grant of Non-Discriminatory Market Access (NDMA) status to India due to lack of consensus at home.

NDMA is a nomenclature chosen by the Pakistan government to avoid political ramifications at home of giving India the Most Favoured Nation (MFN) status.

"As you are aware there are a number of issues on both sides which need to be addressed. This includes making sure that vulnerable sectors are protected, the issue of non-tariff barriers in India, the issue of imbalance of trade and some other infrastructure related issues. You might call them hurdles or impediments, I will say these are issues on which talks are ongoing and progress is being made," Chaudhry said.

Bilateral trade between India and Pakistan touched $ 2.6 billion in 2012-13.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • E-auction and eventual privatisation of coal industry are welcome steps

    The government’s decision to privatise the scam-ridden coal industry through a presidential ordinance will eventually end the monopoly of public sec

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Kuruvilla Pandikattu SJ

What we can learn from agnosticism

As an agnostic, the American writer David Breeden is aware ...

Shona Adhikari

When women to birds become a painter’s muses

This week the focus is on renowned artist Amitabha Banerjee, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture