The Pakistan cabinet deferred a key decision on switching to a negative list regime for trade with India after reservations from sections of the government and domestic industry.Information Minister Firdous Ashiq Awan told a news conference that the decision on the Commerce Ministry's proposal to finalise a negative list as part of measures to normalise trade relations with India was put off as all stakeholders were not on board.The interior and textiles ministries were among the stakeholders which had expressed reservations.However, the Cabinet gave its approval for signing agreements on cooperation in customs, mutual recognition of standards and for redressing trade grievances between the two sides. They will be signed today.Commerce Minister Anand Sharma, who led the high-level Indian business delegation on his three-day visit, declined to comment on the development.
News On AIR | February 15, 2012 1:06 PM
Pak defers decision on switching to a negative list for trade with India