Pakistan to Boost Trade With India
NEW DELHI — Pakistan agreed to normalize trading relations with India, a move that may give a boost to moribund talks aimed at improving relations between the hostile South Asian neighbors.
Pakistan’s Information Minister Firdous Ashiq Awan told a news conference Wednesday that Pakistan’s cabinet decided to grant India “Most Favored Nation” status, a decision that will likely boost bilateral trade.
…There is huge room for growth in trade. In the year ended March 31, India exported $2.33 billion of goods to Pakistan. In the same period, Pakistan sold goods valued at $332.5 million in India, according to Indian government statistics.
By comparison, two-way trade between India and China, New Delhi’s largest trading partner, is valued at more than $60 billion annually.
*Frederic Bastiat and Otto T. Mallery.
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india had unilaterally dropped tariffs on goods from pakistan back in 1996.unilateral liberalization on trade is wonderful too.it doesnt have to be both countries together
Actually, I’d rather say that Indian soldiers will not cross into Pakistan (or vice-versa) due to both parties having nukes, and not that much due to trade. But of course, trade helps too.
not necessarilyy. the kargil war in 1999 occured inspite of nukes.plus now the chosen method in pakistan is financing rogue elements via the ISI to create Mumbai 2008 like incidents.
Of course, mini-wars like Kargil still can happen if both countries can stomach pointless fighting that never accomplishes much. Also, financing terrorist activities is indeed the trend right now, but I do not think that it must be taken too seriously as a military weapon: after all, the word is that after the Mumbai attacks India got close to launching a preemptive nuclear attack on Pakistan. I think they got the message.
“When Goods Don’t Cross Borders, Soldiers Will.”
If only American politicians would take this seriously. Maybe then, America will attempt to turn Iraq and Afghanistan into free-trade areas. That would eliminate the reason for Iraqis and Afghanis to become terrorists; without business opportunities, terrorism against a perceived oppressor becomes the only apparent option for some.
Frédéric Bastiat never said or wrote that, it might as well be credited to Montesquieu.
I think the statement is apocryphal, because it’s demonstrably wrong.
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