India Pakistan Trade Agreement

The two governments, which, within the framework of their developing countries, consider each other the needs and needs of each other, commit themselves to explore all possibilities to expand and promote trade between the two countries on the basis of mutual benefit. India and Pakistan do not have a formal trade agreement. India has given Pakistan privileged status since 1996. Pakistan maintains a positive list of India`s bearable posts, which are now more than 1075 points as under: This agreement will enter into force on February 26, 1951. The Indian government and the Government of Pakistan to develop, develop and strengthen trade and economic relations between the two countries have agreed to conclude the following agreement: Indirect routes such as the United Arab Emirates and Iran will continue to exist to redirect India`s trade with Afghanistan and Pakistan. But it is the border economies of Wagah and Attari that pay the highest price. Facilitation of trade, directly and in transit, could support the ecosystem of border economies, where people are highly dependent on trade. Perhaps the pandemic may remind us that the benefits of collaborative growth and development, because of the political problems between our countries, will far exceed the state of the borders. 6. With respect to the gram referred to in point 1 F above, the Indian government will not purchase them from its account or guarantee its purchase by trade. However, the Indian government will allow the import of the amount agreed by the traders. It will be up to the Pakistani government to decide how to supply and export, and traders will negotiate directly with the Pakistani government the prices and other conditions for the supply of grams. In order to facilitate the implementation of this agreement, both governments agree to hold periodic consultations on all issues concerning the supply of goods or goods between the two countries during the currency and in accordance with this agreement and, if necessary, to amend, extend or supplement, by mutual agreement.

, the timetables of this agreement. vi) With regard to raw cotton, the Pakistani government currently has no target quota, which allows India to buy a lot. However, if target quotas are introduced during the duration of the agreement, the Pakistani government agrees to give India a quota of 400,000 bales during the 1951-52 season. APTTA has been blamed with repeated concerns about its asymmetrical nature. Proposals to allow the transit of Afghan imports from India have drawn opposition from Pakistan, which fears a flood of Indian goods in Pakistani markets affecting their domestic industry. However, studies suggest that THE restrictions imposed by APTTA have not been able to limit informal trade between India, Pakistan and Afghanistan. The existence of a trade agreement facilitates trade, but the absence of an agreement does not necessarily limit trade.

Next Post

Previous Post




Theme by Anders Norén