360° Coverage : Pakistani daily calls for improving trade with India

Pakistani daily calls for improving trade with India

Islamabad, Dec 24 (IANS) Pakistan and India should "agree to trade freely for their own and the region's prosperity", said a leading Pakistani daily Tuesday.

Dec 24 2013, 3:05am CST | by

Islamabad, Dec 24 — Pakistan and India should "agree to trade freely for their own and the region's prosperity", said a leading Pakistani daily Tuesday.

An editorial in the Dawn said the Nawaz Sharif government is believed to have decided to de-link the issue of trade relations with India from the progress on the slow-moving composite dialogue between the two countries.

"The decision, if implemented, should significantly boost bilateral trade that has increased from $1.8 billion to $2.6 billion since the resumption of commerce secretary-level talks in April 2011."

An important measure that Pakistan plans to take is to increase the number of items that can be traded through the Wagah-Attari land route from the present 137 to 500. "It represents a major move towards complete normalisation of bilateral trade," said the daily.

It noted that the two countries have made a lot of progress on trade normalisation in the last three years.

"Yet a number of issues and impediments created by both sides continue to impede the free flow of goods across the border. If Pakistan, for example, is dragging its feet on allowing the free movement of goods via the only land route and resisting containerisation of trade, India is not ready to lower the quality standard barriers that restrict our exports."

"The two neighbours have also yet to allow free vehicular movement to help business cut costs and delivery time. This is despite the desire of businessmen on both sides for a free-trade regime," it said.

The daily went on to say that the dismantling of many an impediment in recent years promises a bright future for business and trade relations between the two largest South Asian economies.

"It may take some time but both countries will finally have to accommodate each other's concerns and agree to trade freely for their own and the region's prosperity. The good news is that the political leadership on both sides realises this..."

The Dawn said: "The recent visits of (Punjab) Chief Minister Shahbaz Sharif and prime ministerial adviser Sartaj Aziz to India also focused on improving trade ties with India. Once we are able to pull down the barriers impeding the free flow of trade, progress on other bilateral issues will follow."

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/27" rel="author">IANS</a>
The Indo-Asian News Service (IANS) was established in 1986, initially to serve as an information bridge between India and its thriving diaspora in North America. Today it is a full-fledged, 24 by 7 agencies putting out the real-time news from India, South Asia and news of interest to this region around the world.

 

blog comments powered by Disqus

Latest stories

Need for Speed Reboot is Coming This Fall
Need for Speed Reboot is Coming This Fall
EA will release a complete new Need for Speed this fall. The video game giant just released a teaser video and the first Need for Speed Gameplay video will be revealed in June.
 
 
Google Self-Driving Cars to Hit Public Roads this Summer
Google Self-Driving Cars to Hit Public Roads this Summer
Google announced today that Google Car prototype vehicles will leave the test track and hit the familiar roads of Mountain View.
 
 
Google Search Analytics Launched in Web Master Tools
Google Search Analytics Launched in Web Master Tools
Google officially announced the new Search Analytics feature in Webmaster tools.
 
 
T-Mobile Hits Verizon with new 'Never Settle Trial' Campaign
T-Mobile Hits Verizon with new 'Never Settle Trial' Campaign
In case customers don't feel satisfied, T-Mobile will pay for them to shift back to Verizon