October 2007 News

Across the LoC trade: Pakistan and India finalise trade-list

19 October 2007
The Daily Times

New Delhi: Pakistan and India have almost finalised the list of goods to be traded across the Line of Control. The Indian Express reported on Friday India had proposed 14 items for export, out of which Pakistan had cancelled five leather and leather products, juices and jams, copper and silver, tinned food and fabricated items like gold ornaments. The items Pakistan has allowed to be imported include carpets, furniture, silk, Kashmiri fruits and spices, aromatic plants, dhania, moongi, Basmati rice and Kashmiri saffron. India has allowed six of the 16 items proposed by Pakistan for import after rejecting Pakistans proposal to export spices, apples, walnuts, rice, paper and carpets. India has allowed import of precious stones, namdas (a type of mat), furniture, medicinal herbs, embroidered items and Chilgoza. According to the daily, it was decided in a meeting of a committee of Secretaries headed by Cabinet Secretary K M Chandrashekhar that border trade duty concessions should exclude items in the sensitive list under SAFTA. The meeting debated the list of items and modalities of trade. The final decision on the finalised trade lists and modalities is expected to be taken by the departments of Revenue and Agriculture and Cooperation (DAC) which will then inform the Ministry of External Affairs for inclusion of the matter in the agenda for the next LoC meeting. A date for the next LoC meeting is yet to be finalised by both the countries, the daily added.

 

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