Pak to turn from +ve to -ve list for trade with India

As the Pakistan’s Cabinet gave its approval for 1,209 strong –ve list of items in which bilateral trade is barred, Pakistan to turn to –ve list for trade with India. This will subsequently open up Business opportunities in around 6,850 commodities. As of now 1,900-odd items are traded with Pakistan. This will also make the way for the award of MFN (Most Favoured Nation) Status to India by Pakistan as prescribed by the WTO committals and thus ending the discriminatory trade regime that Pakistan has had for India. Pakistan was awarded the MFN Status by India in 1996.

Month: Current Affairs - March, 2012