Pakistani Secretary Commerce Zafar Mehmood (L) shakes hands with his Indian counterpart Rahul Khullar before their talks in Islamabad on April 27, 2011. PHOTO: AFP
****ISLAMABAD: India and Pakistan on Wednesday began their first trade talks since the 2008 Mumbai attacks, opening a two-day session designed to boost business between the two countries.
Pakistan commerce and trade secretary Zafar Mahmood and his Indian counterpart Rahul Khullar led the talks at a five-star hotel in Islamabad.
“I believe that this meeting will take the dialogue process forward and by the end of the meeting all issues relating to facilitation and promotion of bilateral trade could be addressed with consensus,” Mahmood said.
Mahmood said the talks had an “open agenda” and the two sides would discuss “all the issues” of interest to both countries.
He said improving trade would economically benefit both countries and the region. Pakistan’s economy languishes far behind that of India.
“Pakistan understands that there is a great potential to further increase the bilateral trade,” Mahmood said.
Khullar called for a quick turnaround of trade after four previous rounds of commerce talks ground to a halt in the wake of the Mumbai attacks.
“This is a process that was interrupted and that must resume and go on. It must acquire significantly fast momentum if only to catch up for the time that we have lost,” Khullar said.
“We are ready and willing to move forward and our only perspective here is one of constructive engagement to move the bilateral trade agenda and commercial agenda ahead and fast.”
Trade between Pakistan and India is around $2 billion.
Acrimonious ties between the neighbours eased last month when Indian Prime Minister Manmohan Singh and his Pakistani counterpart Yousaf Raza Gilani watched the India-Pakistan World Cup cricket semi final in northern India http://tribune.com.pk/story/157735/india-pakistan-open-trade-talks/
it will benefit Pakistan more than India…right? Steps are being taken to make this a reality, it’s great news, who’s for it? :biggthumb:
Even if it benefits India, it will just be like a drop in the ocean of India's GDP. Its more of a diversionary tactic than anything else, like the cricket diplomacy. The Indian govt is under fire for rampant corruption, and they are just trying to distract the public.
whether this step is a "drop in the ocean of india's GDP" or a "distraction", it's a baby step in the right direction of progress, the two countries would depend on each other more and more which is a good thing, which would mean they would stop f-ing each other over in the long run....see
i agree with player here.its just sort of diversion from all the corruption scandal,sadly this news ain't making mainstream.
only advantage with good relationship is access to central asia,india can get all the gas/minerals from likes of iran,kazakhstan e.t.c it could save huge money without importing from UAE/African countries
in this process,pakistan can earn few bucks by allowing pipes though their country
You are obviously not in touch with reality here. Pak initiated Kargil even when Vajpayee-Nawaz Sharif were talking peace, so its naive to think that a little bit of trade will stop them from trying such stunts.
