Thursday, March 1, 2012

Cabinet approves lifting trade barriers with India

Image

Pakistan announced a goal of normalizing trade with India by the end of the year, a gesture that is part of tentative attempts to improve relations between the nuclear-armed neighbors.

In a statement Wednesday, the office of Pakistani Prime Minister Yousuf Raza Gilani said the government planned to phase out major restrictions on Indian imports by Jan. 1, 2013.

Pakistan recently scrapped a system of allowing imports of fewer than 2,000 items from India. It moved instead to a "negative list," which bans around 600 items from India but allows trade in all other goods.

No comments:

Post a Comment