Pak, India expected to remove non-tariff barriers, open more trade routes

April 28th, 2011 - 11:59 am ICT by ANI  

Islamabad, April 28(ANI): Pakistan and India are expected to eliminate non-tariff barriers and open more trade routes to facilitate the promotion of bilateral economic cooperation, according to sources.

Pakistan and India expressed hope on Wednesday that their ongoing secretary-level trade talks would take the dialogue process forward and help address all issues relating to the facilitation and promotion of bilateral trade cooperation with consensus.

Sources privy to the first day’s meeting of the two-day talks between Pakistan Commerce and Trade Secretary Zafar Mahmood and his Indian counterpart Rahul Khullar in Islamabad said that both sides would make decisions on the issues relating to the facilitation of bilateral trade today.

“The two teams have completed the review of the trade cooperation from the point where it was derailed after 2007,” the Daily Times quoted the sources, as saying.

“The decision on all issues relating to facilitation and promotion of bilateral trade would be made with consensus at the conclusion of the talks on Thursday while the progress achieved on a number of issues during the first four round of talks would be the priority areas,” they added.According to the sources, both countries are expected to agree to open bank branches of at least two private banks to facilitate the bilateral trade, eliminate non-tariff barriers to make the mutual trade beneficial, revise the goods train agreement for facilitating quick and economical trade transactions, increase business visas, open more trade routes and promote intra-Kashmir trade through the Line of Control (LoC). (ANI)

Related Stories

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in South Asia |