Islamabad, Nov. 23 (NNN): Pakistan has once again linked granting the Most Favoured Nation (MFN) status to India for trade with sustainable political dialogue to resolve all issues between Islamabad and New Delhi.
Pakistan always has a clear stance that sustainable political dialogue" to resolve all the outstanding issues between the two countries is must for having MFN status under the aegis of the World Trade Organization (WTO).
Kamal Nath arrived here Monday morning to attend the fourth meeting of Saarc commerce ministers. According to official announcement made by the Commerce Ministry after the meeting, both the ministers discussed the issues of bilateral trade and commerce.
The Pakistan commerce minister expressed optimism that there was the possibility of gradual normalization of trade relations between the two countries. He said the trade issues are part of the composite dialogue and the next round of meetings on all the bilateral issues will be held during the next month at New Delhi.
"Before the secretary level talks, a meeting of the experts will take place where all the issues relating to trade and commerce would be discussed in detail," he added.
Sharing these views, the Indian commerce minister said India was willing to cooperate and actively participate in the negotiations with open mind.
Pakistan exported $81 million worth of goods to India while imports from India stood at $300 million during the last year. However, the unofficial trade between the two countries via third country is much more higher.
A day ago Pakistan expended its positive list of importable items from India by another 81 categories of goods in pursuance of South Asia Preferential Agreement negotiations, which were concluded some time back.
As part of the composite dialogue process between Pakistan and India, discussions were held on economic and commercial cooperation in Islamabad on August 11-12, 2004. The Pakistani delegation was led by Commerce Secretary, Tasneem Noorani, while the Indian delegation at these discussions was led by Commerce Secretary Dipak Chatterji. T
he second round of talks between commerce secretaries of both the countries would now be held next month in New Delhi for to see the possibilities of trade between the two countries.