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Breakthrough in Trade Relations with Pakistan |
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23-8-2012 | |||
Press Information Bureau Government of India Ministry of Commerce & Industry 22-August-2012 14:46 IST The Commerce Ministers of India and Pakistan along with their official delegations, held a bilateral meeting on February 15, 2012. Both sides reviewed the considerable progress achieved in taking forward the bilateral trade relationship. In the Joint Statement issued after the discussions, the Ministers firmly reiterated that both sides would scrupulously adhere to the roadmap drawn up by the Commerce Secretaries for full normalisation of trade relations. It had been agreed that Pakistan will move from a ‘Positive List’ to a small ‘Negative List’ by February 2012. The Negative List of 1209 items has since been formally notified by the Government of Pakistan on 20th March, 2012. This implies that except for these 1209 items, all other items can be exported. Such substantial increase in tradable commodities is expected to reduce trade through third countries. |
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