Pakistan adds 302 more items for trade with India
The increase followed the meeting between Prime Minister Manmohan Singh and Pakistan President Pervez Musharraf at Havana.india Updated: Sep 27, 2006 21:51 IST
Pakistan on Wednesday added 302 more items in the positive list for trade with India that currently has 773 goods.
The Economic Coordination Committee (ECC), headed by Prime Minister Shaukat Aziz, approved 302 more tariff lines to expand trade with India, an official announcement in Islamabad said.
The increase followed the meeting between Prime Minister Manmohan Singh and Pakistan President Pervez Musharraf at Havana, where they reportedly discussed measures to increase trade.
With this increase, Pakistan's positive list for India has 1,075 items.
"This has been done in consultations with all stakeholders. The tradable items with India would now also include among others pharmaceuticals, plastic, iron and steel, machinery and parts, diesel locomotives and surgical equipment," the announcement said.
The new trade items were expected to boost trade between the two countries, which has already crossed a $1 billion mark.
Pakistan, however, has not yet granted the most favoured nation status to reciprocate India's gesture of granting the same under SAARC rules.
It has also not applied provisions of South Asian Free Trade Area (SAFTA) to India fully even though the regional trade agreement has become operationalised.