India, Pakistan trade bodies sign deal

September 28th, 2011 - 9:57 pm ICT by IANS  

New Delhi, Sep 28 (IANS) Trade promotion bodies of India and Pakistan Wednesday signed an agreement to facilitate the flow of bilateral trade.

The India Trade Promotion Organisation (ITPO) and Trade Promotion Authority of Pakistan signed a memorandum of understanding here in the presence of the trade ministers of both countries.

“The agreement is aimed to facilitate bilateral trade,” Indian Commerce and Industry Minister Anand Sharma said.

The two organisations will organise road shows and trade fairs and suggest measures to promote trade. The role of the two bodies is important as the two countries target to increase their trade to $6 billion in three years, from the current $2.7 billion.

A business delegation led by Pakistan Commerce Minister Makhdoom Mohammad Amin Fahim is on a five-day visit to India.

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