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News Track

Published Date: Mar 18, 2013

Indo-Pak Track-II dialogue sees consensus on demand for MFN status to India

The
recently concluded track-II dialogue between India and Pakistan, held at New
Delhi, has reached consensus on the demand to award Most Favoured Nation status
to India.

A
high-level business and trade delegation from Pakistan had visited India to
take part in track-II dialogue on enhancing trade relations between the two
countries, reports the Daily Times.

The
delegates, while referring to measures taken in terms of trade liberalisation,
said Pakistani exports to India have risen by 27 percent from 333 million
dollars to 422 million dollars in 2012.

During
the meeting, Pakistani delegates conveyed that for the first time there is a
consensus in Pakistan on promoting trade with India, not just in goods but also
in services along with greater cooperation on foreign direct investment.

They
also explained the constraints in awarding MFN status to India and highlighted
various measures taken by the government of Pakistan for the rationalisation of
"trade list" and trade facilitation with India.

The
meeting concluded with the formation of joint India-Pakistan Business Council,
which is an important milestone for businessmen of both the countries to
deliberate on issues concerning mutual trade.

The
dialogue was the result of efforts by the Sustainable Development Policy
Institute (SDPI) and Indian Council for Research on International Economic
Relations (ICRIER) to forge greater business ties between the two nations.

The
Pakistani delegation consisted of two former finance ministers, Dr Hafeez A
Pasha and Dr Salman Shah, SDPI Deputy Executive Director Dr Vaqar Ahmed,
Pakistan’s former ambassador to WTO Dr Manzoor Ahmed, Nestle Pakistan Chairman
Syed Yawar Ali, faculty members from LUMS and representatives of the media.

The
dignitaries at the meeting from the Indian side included Indian Minster for
Railways Pawan Kumar Bansal and Ministry of Commerce secretary and additional
secretary, among others. (ANI)

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