image

Trade Relations with Pakistan

Bilateral trade between India and Pakistan is conducted mostly through Mumbai-Karachi sea route and Attari-Wagha land route.  The year-wise and item-wise details of commodities of the total trade with Pakistan for last three financial years are given in Annexure.

The details of the trade in terms of value between India and Pakistan during last 3 financial years are given below:

(in US$ million)

Year Exports Imports Total Trade
2010-11 2039.61 332.51 2372.12
2011-12 1541.57 401.19 1942.76
2012-13 1837.86 513.23 2351.09

Source: DGCIS, Kolkata

Incidents on the Line of Control in the past few months have not affected bilateral trade between India and Pakistan.

Bilateral trade dialogue with Pakistan was re-initiated with the 5th round of India-Pakistan Commerce Secretary level talks held at Islamabad in April 2011. This was followed by further rounds of talks held in November 2011 at Delhi and September, 2012 at Islamabad. Three Ministerial level dialogues were also held in September 2011, February 2012 and April 2012. The first ever bilateral visit of Commerce Minister of India to Pakistan was undertaken in February 2012.

Both sides have made considerable progress in improving bilateral trade ties. Pakistan has moved from a Positive List regime to a Negative List regime, which substantially increases the tradable items with India. India has similarly liberalized its earlier restrictions on inward/outward investment flows to Pakistan. Both sides also agreed on a detailed roadmap for Preferential Trading Arrangements under the SAFTA (South Asia Free Trade Area) process.

First India/Pakistan Joint Business Forum meeting was held in June 2013 in Islamabad.  This forum also had very productive meeting with Pakistan Prime Minister for further improving bilateral trade ties.

The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. D. Purandeswari in a written reply in the Rajya Sabha today.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

9 responses to “Trade Relations with Pakistan”

  1. Meenakshi says:

    Good blog post. I absolutely love this site.
    Continue the good work!

  2. Lillianna says:

    Hello! I simply wish to give you a huge thumbs up for the excellent info you’ve got right here on this post. I will be coming back to your site for more soon.

  3. Ignatius says:

    Wonderful article! This is the type of info that are meant to be
    shared around the internet. Disgrace on Google for now not positioning this
    post higher! Come on over and discuss with my site . Thanks =)

  4. Arlando says:

    My spouse and I stumbled over here by a different page and thought I may
    as well check things out. I like what I see so now i am following
    you. Look forward to looking at your web page repeatedly.

  5. Chera says:

    Hurrah, that’s what I was looking for, what a data! existing here at this weblog,
    thanks admin of this web page.

  6. Nicoli says:

    Hello it’s me, I am also visiting this website regularly, this web
    site is truly nice and the viewers are really sharing fastidious thoughts.

  7. Benjain says:

    Hi, yes this paragraph is actually fastidious and I have learned lot
    of things from it concerning blogging. thanks.

  8. Tifanie says:

    I couldn’t refrain from commenting. Well written!

  9. Gayle says:

    Great info. Lucky me I found your blog by accident (stumbleupon). I’ve saved it for later!

Leave a Reply

Your email address will not be published. Required fields are marked *

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates