Archive
MFN status for India likely in November
Pakistan’s commerce ministry has sent a summary to all stakeholders, seeking their comments on changing the decades-old trade regime with India. If no objection is raised, the summary will be sent to the federal cabinet for approval.
http://southasianmedia.net/Test21/DetailPage.aspx?StoryID=43643
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.
Full story here.
Strong opinion in Pakistan to grant MFN status to India
Members of a high-level business delegation from Pakistan led by Pakistan’s Federal Minister of Commerce Makhdoom Amin Fahim on Monday told Governor of Maharashtra K Sankaranarayanan that there was a strong opinion in Pakistan that India should be given the status of a Most Favoured Nation (MFN).
Tata, Reliance and Essar groups of India may invest in Pakistan
Pakistan government has invited Indian Investors including Tata, Reliance and Essar to discuss the development of Thar coal power projects. India and Pakistan have mostly common multinational companies operating in their respective countries. According to a Ficci study these can act as meaningful conduits for trade and investment if they source raw material from each other. Creation of exclusive economic zones in Pakistan for Indian-based investors may be a good option to attract their investment.
Full story here:
http://20twentytwo.blogspot.com/2011/09/india-pakistan-trade.html
Businessmen hopeful of Indo-Pak trade touching $10 billion in 2 yrs
If Pakistan can make a negative list, instead of the present positive list and some of the trade barriers are lifted by both the countries, bilateral trade can easily touch USD 10 billion in the next two years.
India, Pakistan trade ministers to meet on September 25
Read the full story here:
Pakistan could export Chrome ore to ferro-chrome plants in India
Heavyweights of Pakistani business community pushing for a fruitful visit of Makhdoom Amin Fahim. Read full story here:
http://www.dailynews.net.pk/10-09-2011/kcci.asp
Lookout for giants like Tata and Reliance investing in Pakistan
India and Pakistan are set to lift the ban on investment, reports The Express Tribune.
Read the full story here:
Amin Fahim is likely to visit India on September 26-30
Pakistan Commerce Minister to inaugurate business forum in India
Read full story here:
All set for India’s MFN status
After the MFN status to India, it is expected that instead of the positive list, Pakistan would have a narrow ‘negative list’ of about 200 items. This would imply that a whole range of products other than those 200 items could be exported from India on an equal footing (even at concessional terms for some goods under Safta).
Read the whole story by following the link below:
http://pk.msn.com/news/localnews/alqamar/2011/August/8556360.aspx?region=pk.&featuredpk
IndoPak Trade
IndoPak Trade 