Home / Knowledge / News / Textiles / Post-MFN, India to cut sensitive list to 100 tariff lines
Post-MFN, India to cut sensitive list to 100 tariff lines
20
Dec '12
India will cut down its sensitive list to 100 tariff lines by April 2013, after the county gets most-favoured nation (MFN) status from Pakistan, Mr. Sharat Sabharwal, Indian High Commissioner to Pakistan has said.
 
Addressing the members of Pakistan Textile Exporters Association (PTEA), the Indian Envoy said there is great potential for development in Pakistan, and stressed on further enhancing cooperation between the two neighbouring countries.
 
He said improved trade relations between the two countries will have a positive impact on the entire South Asian region.
 
He mentioned that intra-regional trade in the SAARC region was only five percent, compared to 25 percent in the Asean region and 65 percent in the EU.
 
The growing trade between India and Pakistan would increase the pace of economic development in South Asia, and would also contribute to integration of the South Asian region, the ambassador said.
 
The High Commissioner said the Indian Government had liberalized the visa regime and allowed investment from Pakistani investors to boost trade between the two countries.
 
Mr. Asghar Ali, chairman PTEA said opening direct trade routes with India would provide immense opportunities for both the countries. He said less than quarter of the potential trade between India and Pakistan is now being carried out. 
 
Mr. Ali suggested early opening of more direct trade routes to cut freight cost and time, as most of the trade between the two countries is currently routed through the Gulf countries.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

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

Suresh Patel
Sidwin Fabric

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

Prathyusha Garimella
Prathyusha Garimella

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

Bani Batra

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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