Pakistan Cancels 12 Tariff Restrictions On Imports Of India Commodities
Pakistan plans to normalize its trade relations with India. Therefore, Pakistan announced the cancellation of 12 kinds of India products.
Abdel, Minister of finance of Pakistan (Abdul Hafeez Shaikh), announced at the meeting of the cabinet Economic Coordination Committee, which he chaired, that the goods were allowed to be imported from India at one time.
An official said today that the meeting also approved that it is necessary to adjust and change the import and export of the country.
India's prime minister Singer and Yusuf Raza Gillani issued a statement at the summit meeting of the Maldives SAARC that the two countries have embarked on the path of free trade, and Pakistan's finance minister announced the decision.
The decision of Pakistan is also due to media reports that some textile factories in Pakistan are planning to move to Bangladesh to obtain a friendly environment for local investors.
Pakistan has announced that it has decided to normalize its trade relations with India and finally give India the status of "most favored nation treatment". When the two ministers of Commerce met in New Delhi on -15 November 14th, they expected to make a major decision.
Although India granted MFN status to Pakistan as early as 1996, the Ministry of Commerce of Pakistan recently sought the approval of the ECC to increase the types of goods that can be imported from India.
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