Conclusive summary of Pakistan India trade dialogue

Conclusions of Pakistan India Trade dialogue held in the month of September 2011 between Commerce Ministers of both countries:

– India had agreed to withdraw its objections at a November 7 meeting of the WTO General Council;

– Pakistani entrepreneurs will now be able to get one-year multiple visit visas with no restrictions on where they can travel;

– Pakistan agreed to grant Most Favoured Nation (MFN) status to India;

– India, for its part, has agreed to examine its non-tariff barriers;

– Pakistan is expected to reduce tariffs on imports of Indian goods;

– India is contemplating removing its blanket ban on capital inflows from Pakistan;

– Reserve Bank of India will visit Pakistan in mid October to discuss establishing formal banking links between the two countries.

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