| India and Pakistan have no formal bilateral trade agreement. India granted the MFN status to Pakistan in the year 1996. Pakistan is yet to reciprocate. The Composite Dialogue between India and Pakistan, which started in 1998, was continued through 4 rounds of talks by Commerce Secretaries of both countries on “Commercial & Economic Cooperation” during the period 2004-2007. Bilateral dialogue between the two countries resumed after the two Prime Ministers met on the sidelines of SAARC Summit in Thimphu in April 2010. Bilateral trade dialogue with Pakistan was re-initiated with the 5th round of India-Pakistan Commerce Secretary level talks on Commercial and Economic Co-operation in April 2011. This was followed by further rounds of talks held in November 2011 at Delhi and September, 2012 at Islamabad. Three Ministerial level dialogues were also held in September 2011, February 2012 and April 2012. The Commerce Ministers of India and Pakistan met on 18th January 2014 on the sidelines of the 5th SAARC Business Leaders Conclave held at New Delhi. Both Ministers reaffirmed the commitment of their Governments to expeditiously establish normal trading relations and in this context to provide Non-Discriminatory Market Access (NDMA), on a reciprocal basis. Both sides decided to intensify and accelerate the process of trade normalization, liberalization and facilitation and to implement the agreed measures. Pakistan has moved from ‘Positive List’ regime to a ‘Negative List’ regime comprising of 1209 tariff lines of import of goods not allowed from India. Both countries have Preferential Trading arrangement under South Asia Free Trade Area (SAFTA) process. Benefits under the SAFTA process are partially blocked by Pakistan through ‘Negative List’. In the recent meeting between Prime Ministers of India and Pakistan on 27th May 2014, it was stated that the two countries could move immediately towards full trade normalisation on the basis of the September 2012 roadmap worked out between the Commerce Secretaries of both countries. |
24 July 2014
Trade Relations with Pakistan
Subscribe to:
Post Comments (Atom)
Featured post
UKPCS2012 FINAL RESULT SAMVEG IAS DEHRADUN
Heartfelt congratulations to all my dear student .this was outstanding performance .this was possible due to ...
-
Sure PV Sindhu and Sameer Verma would have preferred to become first Indians to win both men’s and women’s Super Series titles since Saina ...
-
The Supreme Court’s sharp criticism of the government for its failure to clean up the Ganga has prompted the Centre to assure the Bench tha...
-
Harnessing Solar Power: Rajasthan Leads the Path India is running the largest renewable capacity expansion programme in the world. ...
-
Dear candidate we are providing tentative solution of GS PAPER of UKPCS-2012 for your conveneince.there may be error of 2-3%.plz high ligh... -
According to Census 2011, India has 55 million potential workers between the ages of 15 and 35 years in rural areas. At the same time, the...
-
In a 2014 impact assessment study of ICRISAT’s highly successful breakthrough innovations, Jewels of ICRISAT have yielded a return on inv...
-
Crucial fourth week of winter session of Parliament to take up Insurance, Companies and Coal Mines Bills Session set for a record in trans...
-
Ajeya Warrior-2017: It is a fourteen days training exercise between the Indian Army and the British Army. It is being held in Rajasthan. I...
-
India participated in the G-20 Summit held in Australia recently. The G20 Summit was held in Brisbane on 15-16 November 2014. The topics ...
-
The Government has decided to take up a number of schemes and projects for the development and welfare of people. Major new s...
No comments:
Post a Comment