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Modi-Sharif meeting: Trade to be discussed, Kashmir dodged
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  • Modi-Sharif meeting: Trade to be discussed, Kashmir dodged

Modi-Sharif meeting: Trade to be discussed, Kashmir dodged

FP Archives • May 27, 2014, 12:35:32 IST
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Trade related issues such as grant of NDMA to Indian products are expected to figure in the bilateral meeting of Narendra Modi and Nawaz Sharif.

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Modi-Sharif meeting: Trade to be discussed, Kashmir dodged

New Delhi: Trade related issues such as grant of non-discriminatory market access (NDMA) to Indian products are expected to figure in the bilateral meeting of Narendra Modi and Pakistan’s Prime Minister Nawaz Sharif on Tuesday. [caption id=“attachment_1544029” align=“alignleft” width=“380”]Narendra Modi(left) shakes hands with Nawaz Sharif as Mauritius Prime Minister Navinchandra Ramgoolam (right) waits to greet Modi. AP Narendra Modi(left) shakes hands with Nawaz Sharif as Mauritius Prime Minister Navinchandra Ramgoolam (right) waits to greet Modi. AP[/caption] “Definitely both the prime ministers will discuss issues related with trade. It is an important issue. But the ball is in the court of Pakistan. India has already agreed on the roadmap to boost trade between the two countries,” official sources said. Sharif attended the swearing-in ceremony of Modi. His delegation includes Advisor Sartaj Aziz, Special Assistant Tariq Fatemi and Foreign Secretary Aizaz Chaudhry. Pakistan has decided to postpone grant of NDMA status to India due to domestic compulsions. Bilateral trade talks have been suspended since last year following escalation in violence at the LoC. In 2012, Pakistan had committed itself to give the Most Favoured Nation (MFN) status but missed its own deadline of 31 December, owing to domestic opposition. The neighbouring country has to abolish the negative list of 1,209 tradable items. Abolishing the negative list items that cannot be imported from India means the grant of NDMA status to India. NDMA is a nomenclature chosen by the Pakistan government to avoid political ramifications at home of giving India the MFN status. Besides, both the sides have earlier agreed to start trade in power and oil sectors and open more trade routes. The bilateral trade between the countries stood at $2.6 billion in 2012-13. India’s main exports to Pakistan include sugar, man-made filaments and chemicals, while its imports comprise mineral fuels, among others. PTI

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India Pakistan Narendra Modi NewsTracker Nawaz Sharif trade Most favoured nation NDMA PM Modi bilateral meeting Non discriminatory Market Access
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