Strong trade and economic relations between Pakistan, India are not only in favor of both countries but could also ensure peace in South Asia
Karachi, January 11, 2013 (PPI-OT): Strong trade and economic relations between Pakistan and India are not only in the favor of both countries but could also ensure peace in the South Asia. Both countries should remove visa hurdles and non-tariff barriers coming in the ways of bilateral trade.
This was stated by the 4-member Indian delegation on the occasion of their visit to the Lahore office of All Pakistan Paper Merchants Association (APPMA). The delegation members were include the representatives of Khanna Paper Mill Amritsar Ravinder Singh, Lakshman Singh, Dhimant Singh and Jagdish Meher while APPMA senior leader Khamis Saeed Butt, Chairman APPMA Qayum Raza, Vice Chairman Bao Bashir, President Muhammad Ajmal, Vice President Khawaja Nadeem Saeed Wayeen, Secretary Sheikh Saadat Hussain and Samiullah Butt also spoke on the occasion.
The Indian delegation members said that India and Pakistan share the same tryst with destiny, History and Culture. Together accounts for roughly 80% of the GDP of South Asian association for regional Cooperation (SAARC )countries. Associated Chambers of Commerce and Industry of India estimates that Indo-Pak bilateral Trade Potential is worth US$ 10 billion. They said that trade between Pakistan and India is 4.5 % where as with in northern American border countries their trade amongst themselves is 63% and with in ASEAN countries it is 31%. There is a huge Gap, where in both the countries are losing on opportunities of better trade. They said that both countries should ease visa restriction to take the bilateral trade to the new heights.
The delegation members said that Pakistan could avail benefit by importing duty-free paper from India. Speaking on the occasion, Senior leader of APPMA Khamis Saeed Butt, President Muhammad Ajmal and Vice President Khawaja Nadeem Saeed Wayeen said that Pakistani government should allow duty free import of paper from India that would get rid of monopoly of the local paper mills.
They expressed their dismay over the low volume of trade between India and Pakistan. They said that India and Pakistan should promote regional trade on the pattern of ASEAN, EU, NAFTA, etc. to boost bilateral trade. They said that the promotion of trade is the only way to minimize the political tension in the region. The two neighbouring countries should not mix trade with politics and business community should be allowed to carry on trade without hurdles. “If we would have strong trade relations the political relations would get better automatically”, they said. They stressed the need for promoting border trade particularly through land routes which is in favour of both the countries.
For more information contact:
All Pakistan Paper Merchants Association
3rd Floor, Faiz Muhammad Fateh Ali Road,
Phone: 021-32621041, 35462900,