Home / Knowledge / News / Apparel/Garments / Scope to improve Indo-Pak bilateral trade to US$ 6bn
Scope to improve Indo-Pak bilateral trade to US$ 6bn
06
Dec '11
There is a scope to improve bilateral trade between India and Pakistan to US$ 6 billion by taking necessary steps to promote trade between the two neighbouring countries.

Talking to fibre2fashion, Mr. Ijaz Khokhar, Chief Coordinator, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), said, “The promotion of regional trade between Pakistan and India will be supportive in enhancing the volume of bilateral trade from US$ 2 billion to US$ 6 billion within the next few years.”

“If both Governments are serious to promote trade, they should firstly eliminate all barriers, including non-tariff barriers, as early as possible. Secondly, they should issue a business visa of at least one year duration enabling multiple entries for both the countries. The condition allowing multiple entries in only three cities of India should also be done away with. Next, the Governments should organize more textile and garment exhibitions in both the countries to promote business and increase interactions,” he stated.

“At the moment, roughly US$ 1.5 billion worth of business between India and Pakistan is conducted through Dubai. So, establishment of a legal channel will divert this into direct trade and ultimately the trade value will go up to US$ 6 billion,” he added.

“Currently, there are a lot of custom barriers on the Indian side. So, it takes long time for Pakistani goods to reach India. The goods need to go for sample testing at the labs which takes very long and is very expensive. Thus, the goods reach the importers after a lot of delay, which costs them heavily. There are other barriers on both sides and that need to be eliminated with the true spirit of cooperation,” he stressed.

“Furthermore, trade relations can be enhanced only when the business community has a close interaction, which is possible through B2B meetings. The Pakistani entrepreneurs should visit India and vice-versa. The Indian High Commission in Pakistan has assured us that Indian Government will issue a visa of one year duration with permission for multiple entries. This visa would be exempted from police reporting (EPR). If this happens, within a short span of time, the trade between the two countries will gain momentum,” the PRGMEA Chief Coordinator said.

Fibre2fashion News Desk - India


Must ReadView All

EU, Japan finalise Economic Partnership Agreement

Textiles | On 18th Dec 2017

EU, Japan finalise Economic Partnership Agreement

Building on the political agreement reached in principle during the...

WTO, ITC launch cotton portal to enhance transparency

Textiles | On 18th Dec 2017

WTO, ITC launch cotton portal to enhance transparency

The World Trade Organisation (WTO) and the International Trade Centre ...

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Urmil Arya

Sushila International, a well established textile organisation established ...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search