India today asked Pakistan to clearly spell out the items it would not like to import from Indian traders.The finance minister Pranab Mukhrerjeee said that this is importnt to improve bilateral trade. Speaking at the at the Indo-Pak business meet in New Delhi today Mr Pranab Mukherjee said that Pakistan's positive list of imported items from India has been substantially expanded to 1,934 items in September 2009 from 773 in July 2006. <br/>Pakistan also has a positive list of items of imports from India. This creates a major problem for bilateral trade since it becomes difficult to identify items in which Indian exports are not allowed. <br/> He asserted that Pakistan has not implemented the provisions of maintaining the negative list despite ratification of South Asian Free Trade Agreement (SAFTA).<br/>The Finance Minister also called for liberalisation of the trade regime in the two countries, improvement in communication and free movement of goods between the two countries for expansion of bilateral trade. <br/>He added that trade and commerce has incresed after the composite dialogue process began in 2004 but a large part of the trade-potential still remains untapped. Speaking at the function, Pakistan High Commissioner, Shahid Malik expressed hope that the impending visit of Home Minister of India to Pakistan will help in further building confidence between the two countries.<br/><br/>
News On AIR | May 18, 2010 2:27 PM
Pak to tell items not to be imported from India: FM