Pak industry complains non-tariff barriers in India
PRESS TRUST OF INDIA
New Delhi, Apr 10: Pakistan industry today complained of non-tariff barriers including difficulty in getting visa, while doing business with Indian counterparts.
"Both the countries have the potential to take the bilateral trade to a higher level. But there are few issues hindering the trade between the two nations and India needs to address them," Leader of Pakistan delegation to India, Abdul Qayyum, said at a function organised by PHD Chamber here.
These issues include delay in customs clearance of goods and difficulties in issuance of visa to businessmen, he added.
Qayyum is heading a 30-member business delegation from Faisalabad, which is the textiles hub of Pakistan.
Pakistan High Commissioner to India, Shahid Malik, yesterday said to boost the two-way trade, both the nations are expected to finalise a new visa agreement.
This is aimed at making it easier for certified businessmen from both sides to get one-year multiple-entry, non-reporting visas.
Talking about the informal trade via third countries like the United Arab Emirates (mainly Dubai), Qayyum said: "The informal trade is higher than the direct bilateral trade between the two countries. Therefore, we need to address this issue to give a fillip to our trade relations".
Currently, the bilateral trade between the neighbours is pegged at USD 2.7 billion, which is largely in favour of India. However, the two-way trade through third country is estimated to be USD 10 billion.
Besides, Pakistan is expected to grant India the Most Favoured Nation (MFN) status by this year-end, paving the way for a direct, comprehensive and broad-based economic engagement. It has recently notified its negative list for India, which means barring 1,209 items, New Delhi can now export all products to the neighbouring country. The negative list contains products like automobiles and textiles.
Lastupdate on : Tue, 10 Apr 2012 21:30:00 Makkah time
Lastupdate on : Tue, 10 Apr 2012 18:30:00 GMT
Lastupdate on : Wed, 11 Apr 2012 00:00:00 IST
- MORE FROM BUSINESS
- CAG sketches dismal picture of JK power scenario
- Pak industry complains non-tariff barriers in India
- Delhi to host first lifestyle exhibition from Pakistan
- Fishermen get cheques
- FCI employees hold demonstrations
- JK fixes `2030 cr labour budget
- Gold rises by `150 on firm demand, silver loses `400
- Airtel launches India’s first 4G service
- Pulwama spends 100% district plan
- JK Bank training institute kicks off 10-day program
- J N Oil bags award
- Aryans organizes modelling contest
- Women farmers go on study tour
Srinagar, Apr 10: In blatant violation of the Medical Council of India (MCI) norms the doctors possessing degrees in Unani, Ayurvedic or Homeopathic system of medicines are practicing the Allopathic system More
- Srinagar City
Says NC sleeps over development projects started in his regime
GK NEWS NETWORK
Srinagar, Apr 10: Terming Srinagar a victim of vote bank politics, Peoples Democratic Party Patron, Mufti Muhammad Sayed Tuesday accused the ruling National Conference of exploiting the City More
Locals stage anti-administration protest
GK NEWS NETWORK
Doda, Apr 10: One person died and at least 20 others were wounded when a SRTC bus they were traveling in skidded off the road and fell into a gorge on Doda-Marmat road, here on Tuesday. Police said More
‘Armed resistance only can resolve K-issue’
Muzaffarabad, Apr 10: United Jihad Council chairman Syed Salahuddin has termed the talks between India and Pakistan as an “endless and aimless” process, declaring that nothing but an armed resistance could More