MFN: India shouldn't remain highest uncertain destination for Pak businessmen
Neighbours world's poorest performer in intra-regional trade
Trade only recipe for mutual growth, poverty reduction
Islamabad: [Nov 15]
The Pakistan Economy Watch (PEW) on Tuesday said after getting MFN status, India should no more remain highest uncertain destination for Pakistani businessmen.
New Delhi needs to alter perception and lift trade barriers otherwise all efforts to ensure peace and prosperity through enhanced trade will remain counterproductive, it said.
Trade below 3 billion US dollars have made both neighbours world's poorest performers in terms of intra-regional trade, said Dr. Murtaza Mughal, President PEW.
Pakistani exporters who are weary of the high cost of uncertainty, quantitatively ranked highest in the world, should plan to compete Indians in their home market, he said.
India should allow movement of goods beyond border while ensuring fast disposal of merchandise, he said.
Indian authorities are still rejecting majority of visa applications. Recently a group of businessmen women were denied entry; in 2010, 350 businessmen applied for visa through ICCI but only 32 visas were granted, he informed adding that experience of other business chambers is not different.
Businessmen say that period of visa validity, narrow scope of travel and reporting arrival are obstacles in realising true trade potential, said Dr. Murtaza Mughal. The two countries should explore possibility of moving from sticker scheme to an electronic business travel card, he added.
Customs organizations of both countries can exchange data so that export document of one country may serve as the import document of the other country, he suggested.
Dr. Murtaza Mughal said that India and Pakistan should take steps to ensure non-reversal of the liberalized bilateral trading environment while Islamabad should address the issues of keeping the existing infrastructure underutilized.
Hawks in New Delhi, who are against constructive engagement with Islamabad should realise that Indian share in Afghan market may not surpass 7 per cent without Pakistan's help, Dr. Mughal observed.
Similarly, Indian exports to Central Asian will remain costly unless moved through Pakistan, he said adding that gas and goods transit fees can help Pakistan generate 6-8 billion dollars.
India is already in process of negotiating trade deals with the US, EU, Israel, New Zealand, South Africa, and Japan while her exports will surpass $300 billion in the current fiscal. India's trade with Beijing stands at USD 60 billion per annum. Pakistan can help her achieve mark of 500 billion dollar of exports by 2015.
--
Dr. Murtaza Mughal
Cell: 0321-5157671
President Pakistan Economy Watch
Tariq Khattak, Islamabad, Pakistan.
GSM = 0300-9599007 and 0333-9599007
Email: Tariqgulkhattak@gmail.com
Thanks for participating.
Kindly suggest improvements.
Please let us know:
I. If you want to receive individual emails
II. Receive one mail with all activity in it
III. Do not want to receive any mail at all
REQUESTS:
1) Please directly contact sender for personal/individual correspondence.
2) Try to discuss issues that will catch attention of many readers.
3) Please avoid sending messages in any language other than English
4) Avoid sending messages addressed to many recipients.
5) Do not send messages aimed at personal publicity.
6) Please do not send personal/other links unless necessary.
7) The Group is not obliged to publish printed news,
very short/long comments and objectionable material.
8) Every mail cannot be published; it will overload Mailboxes
of our valued members.
9) Try to Disagree Without Being Disagreeable, Unsympathetic and/or Unpleasant.
x==x==x==x==x==x
Please note that,
It is a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum; everyone is allowed to share anything. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. (Nor can print and electronic media). If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Thanks a lot.
0 comments:
Post a Comment
Gujranwalafun@Aol.com
Gujranwala@windiowslive.com