The Indian regulators of trade regime, currently visiting Pakistan, have discussed snags and bottle necks in trade normalization between the two countries with Pakistan trade bodies and official trade facilitators to pave the way for signing a comprehensive customs agreement when the Indian Commerce Minister would arrive Pakistan on Feb 13. Iqbal Tariq Puri, CEO Trade Development Authority of Pakistan(TDAP) who was briefing the press after a marathon meeting with Indian regulators today said that although the border trade with India will have no bar on agriculture exports in accordance with the requirements on both sides across the border, a negative list of a small number of items is also under consideration to protect and safeguard the interest of the local industries.
He was of the view that India a huge market of over a billion population would open new avenues of trade when the trade normalized between the two sides. Replying to a question, he said that there is a possibility of outsourcing by India IT industry to Pakistani it professionals which would also be beneficial for the two countries, however said that currently more focus is being paid on normalization of trade and the question of currency swap like China and Turkey may be considered at a later stage.
Meanwhile the interactive session held at Trade Development Authority of Pakistan with the trade regulators of Government of India explained the trade regime of India and responded to the queries of Pakistani exporters. Mr. Tariq Puri, Chief Executive TDAP informed the participants that as a part of the process of normalization of trade between Pakistan and India, the Ministry of Commerce and TDAP had conducted extensive interactive sessions with all stakeholders for identification of non-tariff barriers in the Indian import regime.
Mr. Puri briefly explained the recent progress being made towards trade normalization, like: a comprehensive custom agreement is being finalized andwhich will also have the mechanism for expeditious clearance of cargo; sharing of trade laws; customs valuation; setting up of joint boarder liaison committee. Moreover, agreement is being finalized to bring harmonization in standards. Indian government is in the process of introducing more liberal visa regime policy.
The event was well attended by the Pakistani business community which included all relevant Trade Associations as well as members of the FPCCI and KCCI. The Indian regulators; Mr. Rajiv Raizada, Additional Director, Export Inspection Council and Mr. Rajeev Kumar Sharma, Deputy Director Technical of Food Safety and Standards Authority of India (FSSAI), gave an overview of the Indian import regime and procedures and explained at length the Food Safety, Standards and Inspection requirements. The participants of the meeting thanked the Indian Regulators for their initiative and asked pertinent questions as well as sought clarifications regarding the Standards and Inspection requirements of the Indian Authorities.
Mr. Puri also briefed that TDAP is also engaging consultants to study the potential of Indian market and their finds will be discussed with the stakeholders in a series of seminars to be held though out Pakistan by TDAP. They will study the potential of various Pakistani products for Indian market and they will also examine the tariff structure vis-à-vis of other competitors. The session was attended by Mian Abrar, President KCCI; Dr. Ikhtiar Baig, Chairman Pak Denim; Mr. Bashir Jan Muhammad of Gul Ahmed Textiles; Mr. Khalil Sattar of K&N.
Source:http://pakobserver.net/detailnews.asp?id=137634

