Pak may announce negative list with India soon

Pakistan is likely to announce the negative list soon which will open trade with India for all goods, a Pak official said.

Last Updated: Feb 28, 2012, 16:37 PM IST

New Delhi: Pakistan is likely to announce
the negative list soon which will open trade with India for
all goods except those mentioned in the small list, a Pakistan
government official has said.

Eventually, the negative list would also be phased out
which is the step towards Pakistan granting the most favoured
nation (MFN) status to India which may see the light of the
day by next year.
"... well negative list our Prime Minister (Yousaf Raza
Gillani) has already announced by the end of this month it
will be announced ... I think by March it will be done ...,"
Pakistan High Commission Minister (Trade) Naeem Anwar said at
a PHDCCI event yesterday.

Earlier, Pakistan had committed that it will switch over
from the restrictive positive list regime to a negative list
this month, but a timeline for phasing out the negative list
will be announced later.

He said that once all the ministries are on board, then
the notification will be issued mentioning the plan for
removing the trade barriers.

"...once there is consensus it will go to the Cabinet and
Central Board of Revenue and Ministry of Commerce ... you will
see the notification. Notification will give the plan that how
will it be phased out...," Anwar said.
PTI