NDMA status to India deferred, not shelved: Khurram Dastagir

Minister for commerce says status has been deferred since Pakistan did not want to favour any political party in India


APP April 01, 2014
Commerce Minister Khurram Dastgir Khan. PHOTO: PPI/FILE

PESHAWAR: Government deferred the decision to grant Non-Discriminatory Market Access (NDMA) status to India in order to avoid favoring and Indian political party ahead of Lok Sabha polls, Federal Minister for Commerce Engr. Khurram Dastagir said on Tuesday, insisting the programme had not been shelved.    

Briefly talking to the media in Peshawar after addressing a meeting of the Khyber-Pakhtunkhwa Chamber of Commerce and Industry (KPCCI), he said, "We deferred this due to elections in India because we did not want to favour a single political party.”

Dastagir insisted that this programme has not been shelved.

He said the present government, under the leadership of Prime Minister Muhammad Nawaz Sharif, will promote export and trade relations with regional countries, as it economies should not be confined in the 21st century.

“We will develop trade corridors with Afghanistan, central Asian republics, India, Iran and China,” he said, adding that the economies of China, India and Malaysia grew at a faster pace in the last 20 years.

Dastagir said the government firmly believes in the revival of the economy and maintained that regional cooperation is important for the economic future of the country.

In response to a question, Dastagir said the problems and difficulties being faced by the traders in K-P will be addressed on a priority basis. The problems related to the Federal Board of Revenue (FBR), the ministry of finance and other ministries will be taken up with the respective ministries and departments.

By resolving the energy crises and extremism, Dastagir said, will automatically revive 50 per cent of industrial units in the country.

“The grant of the Generalised Scheme of Preferences (GSP) status to Pakistan is also a big achievment of the prime minister. It will allow almost 20 per cent of Pakistani exports to enter the European Union (EU) market at zero tariff and 70 per cent at preferential rates,” he explained.

COMMENTS (9)

Zen | 10 years ago | Reply

What a joke Pakistan is. It has to fool its people the NDMA is not MFN, In reality it is. India is in no hurry and should only sign this trade agreement as MFN.

GS@Y | 10 years ago | Reply

To all the Indians commentators on here in a huff, the NDMA is indeed a major advance in the bilateral relationship of Pakistan and India. The minister's choice of words was poor, but it makes total sense for Pakistan to want to negotiate and sign such a deal with the incoming Indian government. A major deal right in the beginning of the tenures of the Nawaz and the next Indian governments could be instrumental to building trust and generating momentum for an actively cooperative relationship over the next few years. Signing a major trade deal with a lame, outgoing Manmohan Singh government can hardly result in any serious bilateral dividends.

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