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Pakistan, India to cut list of sensitive items
ISLAMABAD - Pakistan will reduce its sensitive list to only 100 items by 2017 while India will bring it down to 100 items by 2013 under South Asia Free Trade Agreement (Safta).
“This will allow five additional years to Pakistani business community to become competitive and prepare to compete against the Indian goods after liberalisation of trade regime between the two countries,” said secretary of commerce Munir Qureshi here.
Talking to newsmen, he said that the current sensitive list maintained by Pakistan contains 1,183 tariff lines and plans are that the list would be reduced by 233 items by the end of 2012.
The list is for items to be traded among seven Saarc countries and Afghanistan.
India had maintained its sensitive list at 884 tariff lines and has reduced over 300 tariff lines, including textiles, leather and agriculture commodities.
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