Pak-In­dia ties can be en­hanced through trade: In­dian HC

The Pak Banker - - NATIONAL -

Road to nor­mal­iza­tion of Pak-In­dia re­la­tions is only through trade and the La­hore Cham­ber of Com­merce & In­dus­try can play a vi­tal role in this re­gard.

This was stated by the In­dian High Com­mis­sioner Gau­tam Bam­be­wale while talk­ing to the LCCI Se­nior Vice Pres­i­dent Al­mas Hy­der here at the La­hore Cham­ber of Com­merce & In­dus­try on Wed­nes­day. For­mer LCCI pres­i­dents Mian Muham­mad Ashraf, Tariq Hameed, Mian An­jum Nisar and Muham­mad Ali Mian were also present on the oc­ca­sion.

In­dian High Com­mis­sioner said that there is no bet­ter way of im­prov­ing bi­lat­eral re­la­tions than mu­tu­ally ben­e­fi­cial eco­nomic ties. He in­formed the par­tic­i­pants that Fed­er­a­tion of In­dian Cham­bers of com­merce & In­dus­try (FICCI) in­tends to or­ga­nize a Trade Show in col­lab­o­ra­tion with Trade De­vel­op­ment Au­thor­ity of Pak­istan (TDAP) at Expo Cen­ter La­hore. He said that the La­hore Cham­ber of Com­merce & In­dus­try should be an ac­tive part of this mega event.

In­dian High Com­mis­sioner said that the In­dian govern­ment has re­cently com­menced mul­ti­ple visas for three years ex­clu­sively for busi­ness­men. This in­cludes visit of 15 In­dian cities ex­empted for po­lice re­port­ing. More­over, the busi­ness­men can travel to In­dia by road and re­turn via air. The LCCI Se­nior Vice Pres­i­dent Al­mas Hy­der said that traders of the both coun­tries are fac­ing var­i­ous is­sues which are ham­per- ing the trade and eco­nomic ac­tiv­i­ties be­tween the two coun­tries. He said, he be­lieves that bi­lat­eral trade would get a con­sid­er­able boost in com­ing years.

The LCCI Se­nior Vice Pres­i­dent said that that reg­u­lar ex­change of del­e­ga­tions from both sides will greatly im­pact the nor­mal­iza­tion of trade and eco­nomic re­la­tions be­tween Pak­istan & In­dia. "In fact we are in fa­vor of re­gional trade and gear­ing up for fair com­pe­ti­tion with In­dia. The po­ten­tial gains from in­creased eco­nomic in­te­gra­tion be­tween In­dia and Pak­istan are large whereas the trade be­tween the two coun­tries is un­nat­u­rally small."

He said that open­ing trade with In­dia will present count­less op­por­tu­ni­ties to both the coun­tries. Cur­rently, the non tar­iff bar­ri­ers be­ing faced by Pak­istani ex­porters are cre­at­ing enor­mous prob­lems. He said that both coun­tries need to find ways to cut down the num­ber of Non Tar­iff Bar­ri­ers (NTBs) be­cause one or two bad ex­pe­ri­ences lead the ex­porters to change their minds. He pro­posed that both Pak­istan and In­dia should open Con­sulate of­fices in La­hore and Am­rit­sar re­spec­tively for speed­ing up the process of visa en­dorse­ment.

The busi­ness com­mu­ni­ties be­long­ing to both th­ese cities will not have to travel to their re­spec­tive cap­i­tal cities for visa pur­pose which is a loss of time and ef­forts, he added. He said that our economies should sup­ple­ment each other for growth and we need to iden­tify ar­eas of eco­nomic co­op­er­a­tion.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.