Indo-Pak trade talks begin in Islamabad

REZAUL H LASKAR/PTI

Islamabad, Apr 27: After a hiatus of over three years, Indo-Pak Commerce Secretary talks began here Wednesday during which Islamabad is expected to raise the issue of India's opposition to European Union's decision to provide duty free access to Pakistani goods.
India's offer to sell oil and electricity to Pakistan among other issues is also likely to be discussed at the meeting which started at 11:30 am local time, two hours behind its original schedule.
Officials said the delay was due to the late night arrival of the Indian delegation here from Lahore.
The two-day meeting is taking place at the Serena hotel here at the foot of the Margalla Hills near the Rawal Lake, next to the Diplomatic Enclave. The talks between Pakistan Commerce Secretary Zaffar Mehmood and his Indian counterpart Rahul Khullar will focus on trade expansion and removal of non-tariff barriers between the two countries.
Prime Minister Yousuf Raza Gilani had yesterday set the tone for the talks, saying his country wanted "constructive engagement" with India.
Following delegation-level talks, the two sides are expected to issue a joint statement tomorrow.
During a meeting with Mahmood and Foreign Secretary Salman Bashir, Gilani backed "constructive engagement" with India, saying Islamabad wants to forge bilateral relations that are based on "mutual interest and mutual respect".
Gilani also asked the Commerce Secretary to take on board all stakeholders for establishing "mutually beneficial trade relations with India".
Pakistan's Commerce Minister Makhdoom Amin Fahim had told the media after a meeting with Indian High Commissioner Sharat Sabharwal that the agenda for the trade talks would be open and all issues, including India's offer to sell oil and electricity, will be discussed by the secretaries.
Sources said Pakistan is expected to raise India's opposition to EU's decision to provide duty free access to Pakistani goods.
Indian officials said the talks would focus on better coordination and establishing systems that would boost bilateral trade in compliance with multi-lateral and regional obligations like the South Asian Free Trade Area pact.
"The aim will be to open up trade and move it to a firmer footing," said an official who did not want to be named.
Pakistan's concerns, including an incorrect perception that India is imposing Pakistan-specific barriers, were likely to figure in the talks, the officials said.
The average annual Pakistan-India trade volume is around USD two billion. A total of 1,946 items are being traded between the two countries.
The trade talks are part of the dialogue process that was revived by the two countries earlier this year after a gap of over three years.

Lastupdate on : Wed, 27 Apr 2011 21:30:00 Mecca time
Lastupdate on : Wed, 27 Apr 2011 18:30:00 GMT
Lastupdate on : Thu, 28 Apr 2011 00:00:00 IST


  • del.icio.us
  • StumbleUpon
  • Digg
  • TwitThis
  • Mixx
  • Technorati
  • Facebook
  • NewsVine
  • Reddit
  • Google
  • LinkedIn
  • YahooMyWeb
  • Print News
  • YahooMyWeb

Enter the Security code exactly as you see it in the image security code is CaSe SeNsItIvE(Cookies must be enabled)
  • MORE FROM FRONTPAGE

  • Kashmir

Govt delaying revocation of Dogra Certificate: Mehbooba

Shopian, Apr 27: President of the Peoples Democratic Party (PDP) Mehbooba Mufti on Wednesday said the ruling alliance of National Conference and Congress was dilly-dallying revocation of Dogra Certificate More



  • Srinagar City

Govt caught napping on Airport Road mess

At start of prime business season, natives suffer, tourists get dusty-bumpy welcome

M HYDERI

Srinagar, Apr 27: A backbreaking drive on the dusty bumpy Kacha road. This is how the government welcomes the tourists flying in to the summer capital because the traffic inflow on the Airport Road is More




  • Jammu

Ghastly tale of Auqaf Islamia’s inaction

58 graveyards over 1553 kanal land under illegal occupation of Army, Govt deptts, locals

GK NEWS NETWORK

Jammu, April 27: Nothing on the earth can be more bizarre than the inaction on the part of Auqaf Islamia Jammu which has ever since remained unmoved towards the vacation of illegal occupation  of More



  • Briefs

Zaffar condemns HR abuses

Srinagar: Jammu Kashmir Salvation Movement chairman Zaffar Akbar Bhat on Wednesday condemned, what he called, continued human rights violations in Kashmir. In a statement, Bhat urged the international More



  • Business

Mirwaiz for promotion of cross-LoC trade

GK NEWS NETWORK

Srinagar, Apr 27: Chairman, Hurriyat Conference (M) Mirwaiz Muhammad Umar Farooq on Wednesday said the amalgam always supported cross-LOC trade to promote confidence building for resolving Kashmir issue More



  • News

Land acquisitions can't be challenged belatedly: SC

PRESS TRUST OF INDIA

New Delhi, Apr 27: Land acquisition cannot be challenged in a belated manner, the Supreme Court has ruled imposing a fine of Rs one lakh on a land owner and laid certain guidelines on determining legality More



ADD
Designed Developed and Maintaned By Imobisoft Ltd /Algosol Software Solutions