News
Monday, November 14, 2011
Indo-Pak secretary-level talks on trade begin today* Two-day talks, being held in New Delhi, will focus on boosting trade between two countries
ISLAMABAD: Two-day commerce secretary level talks between India and Pakistan would be held today (Monday) in New Delhi with special focus on boosting trade between the two countries.
The trade and commerce officials of India and Pakistan would discuss issues related to trade and commerce, official sources said.
Commerce Secretary Zafar Mehmood is leading a Pakistani delegation to negotiate with Indian commerce officials, various trade related issues and find out ways for boosting bilateral trade between the two countries.
“The issues to be discussed in the meeting would include removal of non-tariff barriers, granting of Most Favoured Nations (MFN) status to India and positive and negative lists for trade,” a commerce official informed on Sunday.
The Indian side would be led by Indian Secretary Commerce Rahul Kullar, the official said and expressed the hope that some tangible results are expected to come out of this crucial meeting in terms of enhancing trade between the two neighbouring countries.
He said that both the countries were moving on positive direction as the Indian side has been supporting free access of Pakistani products to European Union markets. While, on the other hand, the federal cabinet of Pakistan has also decided to approve granting the MFN status to India. “These moves show positive trends towards boosting trade relations,” the official observed adding that both the sides are extremely optimistic about the positive outcome of the meeting.
Sources said that other issues that may come up for discussion include progress on initiatives on trade of electricity, ways to substantially expand trade in all types of petroleum products and cooperation in IT sector. The two sides may also deliberate on opening of bank branches in each other’s countries, they said.
The secretary level talks are expected to come out with very positive results as these are following the recent positive meeting between the prime ministers of both the countries at the sidelines of the 17th South Asian Association for Regional Cooperation Summit in Addu (Maldives). app
Courtesy www.dailytimes.com.pk