MFN status to India unlikely before Oct

Last Updated: Friday, January 13, 2012 - 13:21

Islamabad: Pakistan Friday said it was
unlikely that the process of granting India Most Favoured Nation-status to boost bilateral trade would be completed before October.

The Pakistan government is working on the process of
moving from a positive list to a negative list for trade with
India and the Commerce Ministry is consulting all stakeholders
regarding the move, Foreign Office spokesman Abdul Basit told
a weekly news briefing.

"As far as MFN is concerned, you all know that a decision
has been taken in principle to move from the positive to a
negative list in our trade with India," Basit said in response
to a question.

"The work is in progress and the Ministry of Commerce is
engaged in consultations with all stakeholders. A final
decision in this regard will be taken by the Cabinet and I do
not see that happening before October 2012," he said.

India and Pakistan agreed last year on a number of steps
aimed at increasing bilateral trade from two billion dollars
to six billion dollars in three years.

PTI



First Published: Friday, January 13, 2012 - 13:21

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