Home / Knowledge / News / FIEO President happy with MFN status; need to resolve Visa issue
FIEO President happy with MFN status; need to resolve Visa issue
04
Nov '11
The grant of Most Favoured Nation (MFN) status to India by Pakistan is land mark development for a greater economic co-operation between the two countries, observed Mr Ramu S Deora, President of Federation of Indian Export Organisations (FIEO).

While applauding the initiatives of the Government, Mr Deora said that the recent visit of Pakistani Commerce Minister to hold formal talks with his Indian Counterpart Mr Anand Sharma has been constructive, frank and led to this major development. Mr Deora noted while India has unilaterally granted MFN status to Pakistan long back in accordance with WTO rules, the MFN status to India by Pakistan would mean greater market access for Indian goods.

Prior to MFN regime, Pakistan has given access to 1940 product lines on its positive list. He was optimistic that the bilateral trade target between the two countries set by the Commerce Ministers of both sides of USD 6bn in three years from the present level of USD 2.7 bn could be achieved early.

Mr Deora observed that India would be able to diversify its export basket to Pakistan and would be able to supply the products directly which is currently being routed through third countries. On the other hand Pakistan would be benefited as they shall be able to source the same products at a reduced price bypassing the cost of burden of transshipment.

He said that such trade conducive initiatives would definitely be appreciated by the industry which shall be able to capitalize the initiatives for boosting trade between the two countries.

Exports of Manmade Filaments, Organic Chemicals, Other Misc Chemicals, Tea, Coffee, Vegetables, Plastic articles, rubber products would be able to increase their market share in Pakistan imports observed Mr Deora. He expressed optimism to see these discussions moving forward to address other concerns for entering a new phase of full normalization of bilateral trade relations.

President FIEO noted that there is a need for relaxation of visa norms for businessmen which restricts the exchange of visits. Businessmen may be allowed to make investment in each other's country and non tariff barriers may be relaxed for building momentum to take the economic engagement to new level added Mr Deora.

Federation of Indian Export Organisations (FIEO)


Must ReadView All

Textiles | On 25th Sep 2017

SVP Group to build $300 mn spinning plant in Sohar

ShriVallabh Pittie Industries (SVP) Group, a diversified yarn...

Apparel/Garments | On 25th Sep 2017

Vietnam textile sector to gain if EU FTA gets ratified

Experts feel the Vietnam-European Union (EU) free trade agreement...

Courtesy: Business Wire

Textiles | On 25th Sep 2017

Invista to use ADN technology at joint project in France

Invista, a leading producer of chemical intermediates, polymers, and...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Judy Frater
Somaiya Kala Vidya

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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