Pakistan Textile And Clothing Industry Is Cautious About India's Most Favored Nation Treatment.
Muhsin Aziz, chairman of the Pakistan Textile Mills Association (APTMA), said that India's textile and apparel industry is better than other countries.
Pakistan's Federal Minister of Commerce, Mahmoud, said in a statement that discussions with the industry stakeholders on India's most favoured nation status may soon be over, and Mr. Aziz responded to the statement.
At a consultative meeting organized by APTMA office in Punjab, Mr. Mahmoud said that after consultation, the matter will be submitted to the cabinet for approval.
He stressed that trade normalization with India is a very important issue at the moment, but he said that Pakistan's industrial and India non-tariff barriers are also worrying.
He pointed out that developed countries have always maintained political differences in the Gulf to maintain their trade relations. He cited examples from the European Union and Turkey, China and Taiwan, Hongkong and China.
Mr. Mahmoud said,
According to Mr. Mahmoud, Minister of Commerce Maher Doom Amin Fahim recently visited India. The minister suggested that the non-tariff barriers be abolished as a permanent solution to the normalization of trade with India.
He also said that the second round of negotiations may start soon, and he is optimistic that the two countries will be friendly and clear about all trade barriers.
He also praised India for supporting the EU's proposal to grant 75 Pakistan.
He added that Pakistan looked forward to India's support for Pakistan's GSP Plus + preferential measures in 2014.
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