India Agrees To Support Pakistan'S Textile Exports To The EU

2011/9/30 11:55:00 27

New Delhi: India agreed to support it on Wednesday.

European Union

A plan was proposed to promote tariff relief for textiles in the flood affected areas of Pakistan. Earlier, India once opposed the EU initiative.

However, at present, two neighboring countries plan to double bilateral trade to 6 billion US dollars in the next three years.

However, India officials said Islamabad has agreed to fulfill all the reciprocal commitments of the South Asian Free Trade Area "Safta" in full sincerity.

This is seen as Pakistan's commitment to eventually grant India the most favored nation (MFN) status.

After meeting with Pakistan's commerce minister Maher Doom Mohamed Amin Fahim, commerce minister Anand Charles refused to commit any timetable, although there are signs that bilateral commerce ministers will take some action after meeting in November.

In a joint statement, the two sides agreed to relax the business visa rules in November, allowing traders to get multiple entry permits for up to a year.

Sharma

India is also striving to reduce restrictions on investment in Pakistan, and Islamabad may be rewarded.

Sharma said that in the next two months,

Wagah-Attari

The border will open second customs ports and trade time will extend to 12 hours in summer.