The Most Favoured Nation (MFN) status given to India seems to have shocked a majority of people. They have completely opposed this step taken by the government. People forget that Pakistan won’t succeed if they continue to look at news like this with narrow mindedness.
Pakistan and India have been trading for many years now. India labeled Pakistan as its MFN since 19. On the contrary Pakistan hadn’t planned to do so, until now. It remained with strict policies such as allowing only a few commodities to be imported across the border. Despite this fact, the trade balance is in favour of India. Pakistan benefits an estimate of $275 million while India has an export of $1.4 billion. This is also because India has non-tariff barriers.
I find nothing wrong with Pakistan trading with India on the following conditions:
1) The trade relations between India and Pakistan should progress along with the political relations between the two countries.
2) India’s non-tariff barriers must be removed.
3) This trade should not be limited to the World Trade Organization (WTO).
According to the current meeting s between the Indian and Pakistani trade ministers and the secretary of trade, I think they will lift non-tariff barriers of India. Also, the visa regime will be relaxed especially for the Pakistani traders.
Many have also suspected that this new trade relation with India will bring more benefit to India than to Pakistan. I believe that nothing as such will happen according to the trade regime under the WTO. If India does threaten any one of our sectors we can increase the duty on it. I also don’t see any harm or danger in the agreement by SAFTA.
There should be a bilateral agreement between Pakistan and India. We should open only specific sectors of our economy for India in which we have a competitive edge with it, and import those goods that will benefit us. If we move forward according to this, I don’t think we will have any problems.
In my opinion, the water problem between India and Pakistan must also be solved. Ultimately there should be a solution to all our political and foreign situations. The trade should move along smoothly with the political matters.
We should make our relations firm with India just like China, Saudi Arabia and U.A.E have. Everyone wants to trade with India, so should we. It’s time for us to move forward.