TDAP ed­u­cates on trade nor­mal­iza­tion with In­dia

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Trade De­vel­op­ment Au­thor­ity of Pak­istan or­ga­nized a sem­i­nar at the Rawalpindi Cham­ber of Com­merce and In­dus­try on trade nor­mal­iza­tion with In­dia. It was the first of a se­ries of ten sem­i­nars be­ing ar­ranged by TDAP in dif­fer­ent cities to ed­u­cate the busi­ness com­mu­nity about the chal­lenges and op­por­tu­ni­ties re­sult­ing from the new trade regime be­tween In­dia and Pak­istan.

Dr. Man­zoor Ah­mad, for­mer Pak­istan Am­bas­sador to WTO, gave an over­view of the trade nor­mal­iza­tion process be­tween In­dia and Pak­istan. He said smaller coun­tries can also gain ad­van­tage by de­vel­op­ing trade re­la­tions with big­ger economies. He cited the ex­am­ple of Turkey and Mex­ico which gained tremen­dously af­ter en­hanc­ing their trade re­la­tions with EU and US, re­spec­tively. He said that the agree­ments on mu­tual recog­ni­tion and cus­toms co­op­er­a­tion be­ing signed be­tween In­dia and Pak­istan would help in re­mov­ing the non-tar­iff bar­ri­ers be­ing im­posed by the In­dian gov­ern­ment.

Javed Akhtar Bhatti, Pres­i­dent, Rawalpindi Cham­ber of Com­merce and In­dus­try, expressed his ap­pre­hen­sions whether Pak­istan was geared enough to ben­e­fit from trade nor­mal­iza­tion with In­dia in the wake of power short­age and weak reg­u­la­tory struc­tures in the coun­try. He how­ever, agreed with the sig­nif­i­cance of re­gional trade in eco­nomic de­vel­op­ment of a coun­try.

The sem­i­nar was at­tended by over a hun­dred busi­ness­men rep­re­sent­ing var­i­ous sec­tors of the econ­omy, be­sides of­fi­cials from the Min­istries of Com­merce and Tex­tiles, Pak­istan Phar­ma­ceu­ti­cal Man­u­fac­tur­ers As­so­ci­a­tion, Pak­istan Poul­try As­so­ci­a­tion and All Pak­istan Mar­ble In­dus­tries As­so­ci­a­tion.

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