Pakistan seeks level
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
2010 Commonwealth Games ~ 2010 Nobel Prizes ~ Sachin Tendulkar ~ Rajasthan Royals ~ Kings XI Punjab ~ Sushil Kumar ~ Deepika Kumari ~ Somdev Devvarman ~ HR Bhardwaj
Home / India News / 2007 / May 2007 / May 4, 2007
Pakistan seeks level playing field for better trade ties with India
RSS / Print / Comments

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Manmohan Singh to campaign in Bihar today

FBI failed to act on Headley's wife's terror link expose 3 yrs before Mumbai attacks

Craven's horror flicks 'were inspired by real stories'

RBI will intervene if inflows turn lumpy: Subbarao

Enforcement Directorate issues 'Look Out Circular' against Lalit Modi

Now, laser technology that destroys tumours using heat

Waist size, not BMI can foretell cardiovascular risk in children

Pakistan seeks level playing field for better trade ties with India

Pakistans High Commissioner to India, Shahid Malik, has called upon New Delhi to revise its tariff and non-tariff structure and create a level playing field for bettering bilateral trade.

New Delhi, May 4 : Pakistan's High Commissioner to India, Shahid Malik, has called upon New Delhi to revise its tariff and non-tariff structure and create a 'level playing field' for bettering bilateral trade.

"The Pakistani business community expects a 'level-playing field' from India. We have already highlighted the tariff and non-tariff barriers. The high level of subsidies to agriculture and textile sector and the role of the mega PSUs (Public Sector Undertakings) in exports raise concern towards the accessibility of Indian market," Malik said at a meeting with the Punjab, Haryana and Delhi Chamber of Commerce and Industry (PHDCCI) here on Thursday evening.

Trade between both countries is stuck and revolves around both sides reaching an understanding on the South Asian Free Trade Agreement (SAFTA).

The trade pact, which was mooted in 1995, mandates SAARC developing states - Pakistan, India and Sri Lanka - to cut tariffs to zero and five percent within seven years of the start of the agreement.

Member nations can maintain a list of sensitive products on which tariffs will not be reduced.

The pact, however, has remained on paper due to Pakistan's stance that imports from India would continue to be governed by the Import Policy Order, which allows only 1,075 items.

Malik alleged that India's invoking of elaborate procedural formalities has hurt business, and cited a recent case of Pakistani cement export to India as an example.

"Other imports into India are subject to meeting excessive standardization requirements and procedural formalities. One such recent example was the export of cement to India, when it kept lying at the depot for a number of days for certain procedural formalities. These we see as barriers which work to the detriment of bilateral trade," he added.

India had raised duties on domestic output of cement in its February 28 Central Budget.

Recently, India cleared the import of 525 tonnes of cement from Pakistan through Mumbai's port, and a smaller quantity through Punjab's Wagah border crossing.

ANI

Suggested pages for your additional reading
AndhraNews.net on Facebook






© 2000-2017 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us