Pakistan has recognised that the grant of Most Favoured Nation status to India would help in expanding bilateral trade relations and agreed to place in its Positive List by October, 2011, said Indian State Minister for Commerce and Industry Jyotiraditya M Scindia on Wednesday, in a written reply to a question in the Rajya Sabha, India’s upper house of parliament.
Scindia said bilateral trade and commerce talks were held between the Commerce Secretaries of India and Pakistan on 27-28 April in Islamabad, and the two sides agreed to improve trade infrastructure and expand trade through the Attari-Wagha land route. It was agreed to set up a working group to address the identified sector-specific barriers to trade. Both sides agreed to undertake new initiatives to enable trade in electricity and cotton seeds and also to expand trade in petroleum products, he said. He also said that it was agreed that cooperation in the technology sector would be encouraged through private partnerships. Both sides agreed to facilitate the issuance of business visas to encourage the expansion of trade, he added.
Joint working groups have been set up for customs cooperation, trade in electricity and petroleum products.
Published in The Express Tribune, August 11th, 2011.