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
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

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Information Technology | On 25th Apr 2017

Self-repairing fabrics to be the future of fashion

It is the era of smart. Intelligent materials like self-repairing...

Textiles | On 25th Apr 2017

Indonesia revitalising textile sector

With exports of textile and textile products rising in Indonesia, the ...

Interviews View All

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


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