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India, Pak to offer each other preferential mkt access
Kathmandu, Dec 04: India and Pakistan have agreed to offer preferential market access to each other`s products under the South Asian Preferential Trading Arrangement (SAPTA).
Kathmandu, Dec 04: India and Pakistan have agreed to offer preferential market access to each other's products under the South Asian Preferential Trading Arrangement (SAPTA).
This was decided during a two-day meeting between the
officials of the two countries which concluded at the
SAARC secretariat here today.
"The two countries successfully concluded bilateral negotiations on additional lists of products on which they agreed to offer preferential treatment under SAPTA," the SAARC secretariat said in a statement.
The meeting was authorised by the fourth special session of SAARC standing committee held here in July 2003.
India and Pakistan agreed on further inclusion of about 500 tariff lines in the SAPTA basket of tariff concessions, which though bilaterally negotiated, will also be available to all other member states, the statement said.
The depth of preferential tariff concessions extended by both sides ranges from 10 to 25 per cent. These concessions will form part of the fourth round of trade negotiations under SAPTA.
The agreed schedules of implementing these negotiations will be submitted to the SAARC council of ministers, comprising foreign ministers of SAARC countries at their meeting in Islamabad just before the January summit.
Bureau Report
"The two countries successfully concluded bilateral negotiations on additional lists of products on which they agreed to offer preferential treatment under SAPTA," the SAARC secretariat said in a statement.
The meeting was authorised by the fourth special session of SAARC standing committee held here in July 2003.
India and Pakistan agreed on further inclusion of about 500 tariff lines in the SAPTA basket of tariff concessions, which though bilaterally negotiated, will also be available to all other member states, the statement said.
The depth of preferential tariff concessions extended by both sides ranges from 10 to 25 per cent. These concessions will form part of the fourth round of trade negotiations under SAPTA.
The agreed schedules of implementing these negotiations will be submitted to the SAARC council of ministers, comprising foreign ministers of SAARC countries at their meeting in Islamabad just before the January summit.
Bureau Report