Move aims to deepen multi-sectoral cooperation
Pakistan has a list of 936 items and almost 17.9 per cent of tariff lines that apply to imports from all South Asian Free Trade Area (SAFTA) countries.
Pakistan allows only 138 items to be imported from India over the Attari-Wagah land route. Furthermore, cargo trucks from either side cannot move beyond their border zones, which means that goods must be transloaded at the border, adding to the time and cost of trading.
Another factor impeding bilateral trade in goods and services, as well as FDI, is the encumbered visa regime that India and Pakistan have created for each other, which restricts the mobility of people between the two countries.
Continued political tensions and lack of normal trade relations between India and Pakistan have cast a shadow over cooperation efforts within South Asia, contributing to the lack of progress in the regional cooperation agenda of SAARC and SAFTA, the report said.
Move aims to deepen multi-sectoral cooperation
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