According to Dr. Rahul, secretary of trade of India, trade is a necessary condition for peace between India and Pakistan. Bigger bilateral economic interests are likely to put restrain on India Pakistan war rhetorics.
Trade talks are beginning today.
India Pakistan trade fell from $2.2 billion during 2008-9 to $1.5 billion in 2009-10. There are around 2000 products traded between the two countries.
India and Pakistan trade secretaries , are going to hold an important talk session on 27th and 28th of April. In this session export of Indian Petroleum products to Pakistan, lifting of tariff from Pakistani products in India, Import of Indian cotton to Pakistan, and Import of Indian Jute to Pakistan along with other measures to increase mutual trade will be discussed.
Pakistan produces only 50% of refined petroleum products. In case India provides petroleum on softer conditions, then Pakistan will cease this opportunity , as trade with India will reduce the transportation cost.
Pakistan want to import Indian petroleum goods, Indian Jute and Cotton and want India to lift tariff from Pakistani exports to India.
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