Context
According to Pakistan’s Federal Commerce Minister Makhdoom Amin Fahim, India will support Pakistan’s access to EU markets. Fahim stated on Tuesday that India has agreed to withdraw its objection to the WTO approval for Pakistan’s exports in to Europe, to help the country recover from the aftermath of last year’s floods.
The two countries agreed on the issuance of multiple visas to businessmen for a year. Pakistan has also said it will raise no objection on the MFN (Most Favourite Nation) status to India.
Talks on the expansion of trade are also in process with a Commerce Secretaries’ meeting to be held in Delhi to finalize details. The new developments are expected to boost trade to $6 billion in the next three years. Current trade stands at a bit over $ 2 million.
The visit by Amin Fahim was the first by a Pakistani commerce minister to India in the last 35 years.
