Home / Knowledge / News / Textiles / 2nd SAFTA Ministerial Council meeting at SAARC Summit

2nd SAFTA Ministerial Council meeting at SAARC Summit

27
Feb '07
Shri Kamal Nath, Union Minister for Commerce and Industry, has said that “India will be at liberty to review concessions given to Pakistan under the South Asian Free Trade Area (SAFTA) Agreement in case of continued non-compliance with the Agreement by Pakistan. However, concessions given to other countries will remain”.

Shri Kamal Nath articulated India's views while participating in the 2nd meeting of the SAFTA Ministerial Council in Kathmandu, making it clear that there could not be a qualified implementation of SAFTA by a member country.

At a press conference, the Minister reiterated that Pakistan had not complied with what they had acceded to under SAFTA. While the concept of SAFTA is based on a negative list, Pakistan has provided a positive list in the case of India.

He stressed that it was not a matter of disagreement or dispute with Pakistan but only a question of Pakistan's compliance with and implementation of its obligations under the Agreement and pointed out that this approach fractures the solidarity of the economic engagement among SAFTA countries.

He also pointed out that implementation of SAFTA would benefit Pakistan's economy and expressed the hope that Pakistan would recognise this and the need to implement SAFTA in letter and spirit.

The 2nd SAFTA Ministerial Council meeting has taken placeat an important juncture, as the next SAARC Summit is to be held within just about month's time, in New Delhi on April 3-4, 2007


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Abdullah Mohammad Saad Hossain,

Abdullah Mohammad Saad Hossain

Saad Group is a leading vertically integrated textile group in Bangladesh. ...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Ian Russell, Pireta

Ian Russell
Pireta

UK-based Pireta has developed a unique free-form process to add durable,...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Ruma Devi, Gramin Vikas Evam Chetna Sansthan

Ruma Devi
Gramin Vikas Evam Chetna Sansthan

<b>Ruma Devi i</b>s a jet-setting promoter of artisans who has empowered...

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

Leave your Comments


September 2021

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


Advanced Search