India and Pakistan to hold first trade negotiations tomorrow

Tuesday, 26 April 2011, 17:20 Hrs
Printer Print Email Email
Islamabad: India and Pakistan will hold their first trade negotiations in over two years here tomorrow, as Prime Minister Yousuf Raza Gilani set the tone for the talks by saying today that his country wanted "constructive engagement" with India.

Indian Commerce Secretary Rahul Khullar arrived in Lahore with an official delegation today for talks with his Pakistani counterpart Zafar Mahmood in Islamabad during April 27-28.

Following delegation-level talks tomorrow, the two sides are expected to issue a joint statement on Thursday.

During a meeting with Commerce Secretary Mahmood and Foreign Secretary Salman Bashir, Gilani backed "constructive engagement" with India, saying Islamabad wants to forge bilateral relations that are based on "mutual interest and mutual respect".

Gilani also asked the Commerce Secretary to take on board all stakeholders for establishing "mutually beneficial trade relations with India".

"Constructive engagement with India is essential so that both the countries could move towards the goal of establishing good neighbourly relations," Gilani said.

Pakistan''s Commerce Minister Makhdoom Amin Fahim told the media after a meeting with Indian High Commissioner Sharat Sabharwal that the agenda for the upcoming talks would be open and all issues, including India''s offer to sell oil and electricity, would be discussed by the secretaries.

Indian officials said the talks would focus on better coordination and establishing systems that would boost bilateral trade in compliance with multi-lateral and regional obligations like the South Asian Free Trade Area pact.

"The aim will be to open up trade and move it to a firmer footing," said an official who did not want to be named.

Pakistan''s concerns, including an incorrect perception that India is imposing Pakistan-specific barriers, were likely to figure in the talks, the officials said.
Source: PTI
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..