Pakistan may grant MFN status later this month: Official
New Delhi: India expects Pakistan to announce elimination of negative list of items later this month that will pave the way for full normalisation of bilateral trade and accordance of MFN status to New Delhi.
Pakistan has missed the deadline of December 31, 2012, for phasing out the negative list regime.
A government official said that Pakistan`s Commerce Minister Makhdoom Amin Fahim and Secretary Munir Qureshi are coming to India to participate in the three-day Annual Partnership Summit in Agra. Ministers and officials from several countries are expected to attend the summit that begins on January 27.
"Trade ministers (of India and Pakistan) are expected to meet before that. I think it (announcement of doing away with the negative list and accordance of MFN status to India) will happen prior to that (summit)," the official added.
Pakistan in March, 2012 had moved to a negative list regime for trade opening its market for about 7,000 Indian goods against about 2,000 under the positive list.
Under the negative list regime, India cannot export 1,209 items to Pakistan.
Elimination of negative list would technically mean automatic grant of Most Favoured Nation (MFN) status to India.
Commerce and Industry Minister Anand Sharma had expressed the hope in December last year that Pakistan would honour its assurance of granting MFN status to India. He had even spoken to Fahim on telephone on the issue.
The bilateral trade between the countries stood at about USD 2 billion in 2011-12.
More from India
More from World
More from Sports
More from Entertaiment
- India- America joint military exercise begins in Ranikhet
- Exclusive: This is what Kashmir's stone pelters have to say!
- India to activate laser walls on LOC to stop infiltration
- Panel discussion on 'Most Favoured Nation' status India accorded to Pakistan in 1996
- Former bureaucrat BK Bansal commits suicide along with his son at Delhi residence
- SETBACK! Sedition case against 200 Congress workers for shouting 'Pakistan Zindabad' slogans during rally for Uri martyrs
- Did Arvind Kejriwal tweet in favour of Pakistan over Uri attacks? Here is what Twitter says
- Rameez Raja picks all-time XI - Three Indians, but just one Pakistani make it to the list
- This Hindu-dominated village in West Bengal is not allowed to organise Durga Puja as Muslims don't want it
- As Pakistan gloats over hosting 70 Russians, 250 Indian Army soldiers renew bonds in Vladivostok