Home / Knowledge / News / Pakistan inches forward towards granting MFN status to India
Pakistan inches forward towards granting MFN status to India
17
Nov '11
Pakistan has taken a step forward towards granting the most favoured nation (MFN) status to India.

According to a joint statement issued by Commerce Secretaries of both the countries at the end of two-day talks, Pakistan will finalize and ratify a negative list consisting of few hundred items by February 2012.

Post ratification of the negative list, Pakistan will allow import of all items from India, except those on the list. Subsequently, the items on the negative list will also be phased out by 2012-end, leading to the grant of MFN status to India.

Currently Pakistan allows import of just 1,933 items from India, which are on its positive list. The ratification of negative list would pave way for India to freely export over 7,000 items from February 2012.

India had granted MFN status to Pakistan in 1996. Under WTO rules, Pakistan has to put India on a par with other countries to grant MFN status to India, that is, it has to allow import of all items from India.

Besides deciding the new timelines, both countries have also agreed to extend tariff concessions on items of commercial interest to further the preferential trading arrangements under the South Asian Free Trade Area (SAFTA) process.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra
Huemn

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search