Wagah border to be open 24 hrs to boost trade
Commerce ministers of India and Pakistan on Saturday agreed to provide Non-Discriminatory Market Access (NDMA) on reciprocal basis to each other. Seeking to boost bilateral trade, between India and Pakistanpunjab Updated: Jan 19, 2014 14:14 IST
Commerce ministers of India and Pakistan on Saturday agreed to provide Non-Discriminatory Market Access (NDMA) on reciprocal basis to each other.
Seeking to boost bilateral trade,India and Pakistan decided to have a non-discriminatory market access (NDMA) programme, keep Wagha-Attari border open 24 hours throughout the year and facilitate the opening of bank branches in each other’s country.
In a joint statement issued here after talks, commerce ministers Anand Sharma and Khurram Dastgir Khan said on the sidelines of the fifth SAARC Business Leaders Conclave that both countries have reaffirmed the commitment to expeditiously establish normal trading relations, and in this context, to provide Non-Discriminatory Market Access (NDMA) on a reciprocal basis.
The ministerial meeting was preceded by consultations between the commerce secretaries of the two countries on matters related to economic and trade relations between Pakistan and India.
Both ministers thereafter decided to intensify and accelerate the process of trade normalisation, liberalisation and facilitation and to implement the agreed measures before the end of February 2014.
Both Sharma and Khan also expressed satisfaction over arrangements implemented by both sides to keep the Wagah Attari Land Customs Station operational on all seven days of each week.
Both emphasised the importance of trade facilitation measures and directed their respective ministries to work out modalities for containerisation of cargo, allowing all tradeable items by land route at Wagah, liberalisation of business visa regime and enhancing operational hours at Wagha/Attari.
First Published: Jan 19, 2014 11:58 IST