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

NRF urges US Congress to step in, stop trade war

Apparel/Garments | On 21st Jun 2018

NRF urges US Congress to step in, stop trade war

The National Retail Federation (NRF) recently urged the US Congress...

Courtesy: Connor Group

Textiles | On 21st Jun 2018

Protectionism top threat to textile sourcing: William Connor

Protectionism is the biggest political factor and threat affecting...

Courtesy: Tintex

Textiles | On 21st Jun 2018

'Price ratio is key factor for knitted fabrics market'

The price ratio is a key factor for the global knitted fabrics market ...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Urmil Arya

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

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Johan Berlin
InvestKonsult Sweden AB

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Rupa Sood and Sharan Apparao

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

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search