Pak-India commerce secretary level talks from Monday

Pakistan

Pak-India commerce secretary level talks from Monday

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2-day Commerce Secretary level talks between Pakistan and India will be held on Monday in New Delhi.

13 November,2011 08:46 pm

According to sources, officials of both the sides will discuss issues related to trade and commerce on November 14 and 15.Pakistan Commerce Secretary Zafar Mehmood will lead Pak delegation and will find ways to boost bilateral trade ties. “The issues to be discussed in the meeting would include removal of non-tariff barriers, granting of Most Favored Nations (MFN) status to India and positive and negative lists for trade,” a commerce official said.The Indian side would be led by Indian Secretary Commerce Rahul Kullar, the official said and expressed the hope that some tangible results are expected to come out of this crucial meeting in terms of enhancing trade between the two neighboring countries.He said that both the countries were moving on positive direction as the Indian side has been supporting free access of Pakistani products to European Union Markets. While, on the other hand, the federal cabinet of Pakistan has also decided to approve granting the Most Favored Nation (MFN) status to India.The two sides may also deliberate on opening of bank branches in each other’s countries, they said.During the recent visit of Commerce Minister Makhdoom Amin Fahim to India, both the countries resolved to double their trade up to $ 6 billion during next couple of years.