The Textile Ministry of Pakistan has discussed the implementation of Most Favoured Nation (MFN) status that is to be granted to India, with various industry stakeholders.
The meeting was attended by Makhdoom Shahabuddin, Federal Minister for Textile Industry, and representatives of all leading textile associations and chambers of commerce and industries.
“The meet was basically to discuss MFN modalities to be worked out. It was mainly to work out how non-tariff barriers (NTBs) on Indian side can be resolved and to discuss how various issues related to the MFN can be implemented in a manner that benefits both the nations,” Mr. Shehzad Salim, Chairman, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) told fibre2fashion.
“All garments bodies in Pakistan are in favour of granting MFN status to India. So, discussion was on NTBs, especially where there are clauses involved in it, existing both from Indian and Pakistani sides. These need to be resolved in order to create a level playing field,” he stated.
The PRGMEA Chief concludes, “We have to increase Pakistani exports to India. Currently, the volume of direct trade between the two neighbouring countries is very low and there is lot of indirect trade going on. So, if MFN modalities are well-formulated and implemented, it will help boost direct trade.”
Fibre2fashion News Desk - India
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