If there was Free trade with India - would not Pakistani goods have an extra + 1 billion people market?. That is almost 10 times bigger market, whereas for India it would mean an additional 10% increase.
Would not the lower Pakistani Rupees value ensure that goods produced in Pakistan would be cheaper?And goods made in India would be more expensive due to the higher rupee value?
So is it not better for Pakistan to have a free trade agreement with Inida?
Whatever trade is happening at present is hugely skewed in favour of India. India still has a much larger and cheaper work force and better energy resources putting Pak industry at disadvantage.
Is the above correct that India labor is cheaper than in Pakistan? May be I am confusing between per capita income and wages - I read India per capita income is higher than Pakistan, so I thought that was because of higher wages in India.
If there was Free trade with India - would not Pakistani goods have an extra + 1 billion people market?. That is almost 10 times bigger market, whereas for India it would mean an additional 10% increase.
Would not the lower Pakistani Rupees value ensure that goods produced in Pakistan would be cheaper?And goods made in India would be more expensive due to the higher rupee value?
So is it not better for Pakistan to have a free trade agreement with Inida?
i dono much about economics but i wish they'd inter-trade, and fill the gaps for what is being imported from out of central asia at the moment, whatever those goods maybe. both would benefit from it greatly and prospour together.
I agree with Malhot about trust or not being a factor, it's all about supply, if u can produce, you can sell, it has nothing to do with liking or disliking who you're buying from or selling to.