Mumbai terror attack mars Punjab International Trade ExpoDecember 4th, 2008 - 8:49 pm ICT by ANI
By Ravinder Singh Robin
Amritsar, Dec.4 (ANI): The recent Mumbai terror attack has marred the much expected enthusiasm at the Punjab International Trade Expo (PITEX) 08 which began here to promote trade and industry links between Indian and Pakistani Punjabs.
The PHD chamber of Commerce and Industry opened the PITEX 08 in collaboration with Punjab Government as the host State.
The five-day international fair is intended to provide an international exposure to businessmen from both side of the border between India and Pakistan.
There are nearly 225 stalls put up in the pavilion exhibiting various products.
Nearly 20 stalls from Pakistan are already exhibiting their products. But following the recent terrorist incidents in the Mumbai, the financial capital of India, the participation from Pakistan has been less enthusiastic.
Business community of both the countries here maintained that an increased and strengthened business relation could actually lead to an improved regional cooperation and economic interdependence.
The participating businessmen said that good trade relations would make all South Asian countries more competitive in an increasingly globalized economic scenario, even in the testing times of the global economic meltdown.
Dalip Sharma, Regional Director, PHD Chambers of Commerce and Industry, informed that due to Mumbai terror attack most of the exporters from Pakistan didnt arrive despite the government of India having granted over 500 visas to Pakistani businessmen.
He, however, said that the business community on both sides of the border acknowledge the fact that the two countries couldnt live in isolation as far as bilateral trade is concerned.
Anudeep Singh, one Indian exporter, said that it was trade that could help to reduce the political conflict between the two. He claimed that he was in touch with the Pakistani businessmen.
The Government of India has already granted status of Most Favored Nation (MFN) to Pakistan in 1999. But Pakistan did not respond with same gesture and allowed only a few items directly to be imported from India.
Muhammd Afzal, one Pakistani exporter, said there were lots of items Pakistan can trade directly with India, which the consumers in Pakistan have been getting through third countries at higher rates due to high freight and taxes.
Another exporter from Pakistan Mohammed Tahir said that trade between India and Pakistan will help in avoiding conflicts. (ANI)
- Amritsar looks at trade revival - with Pakistani help - Dec 20, 2010
- Punjab aims to develop Amritsar as expo hub - Dec 14, 2010
- Pakistan businesses want trade barriers to India cut - Dec 07, 2011
- Trade potential making India, Pakistan lift barriers - Feb 20, 2012
- Pakistan pushes trade diplomacy, talks on MFN Wednesday - Sep 27, 2011
- Pakistan gives India MFN status, India Inc rejoices - Nov 02, 2011
- 'Small negative list can take India-Pakistan trade to $6 bn' - Dec 16, 2011
- South Africa keen on business deals with Pakistan - Jul 29, 2011
- Five-day Punjab International Trade Expo begins in Amritsar - Dec 09, 2010
- Indian, Pakistani businessmen want to boost trade - Sep 26, 2011
- Trade diplomacy: India presses Pakistan for MFN status (Lead) - Nov 24, 2010
- Political push can see India-Pakistan trade boom - Apr 08, 2012
- Need concrete measures from Pakistan on trade: Anand Sharma - Feb 12, 2012
- India, Pakistan must remove barriers to boost trade: Ficci - Feb 10, 2012
- `Pakistan, India trade talks to give peace a chance' - Feb 15, 2012
Tags: business relation, capital of india, chambers of commerce, chambers of commerce and industry, economic interdependence, economic scenario, enthusiastic business, favored nation, global economic meltdown, government of india, host state, india and pakistan, indian exporter, international exposure, mumbai terror attack, pitex, political conflict, regional cooperation, south asian countries, terror attack, trade expo